The following production data were taken from the records of the Finishing Department for June:...
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Accounting
The following production data were taken from the records of the Finishing Department for June:
Inventory in process, June 1 (30% completed)
4,000 units
Completed units during June
65,000 units
Ending inventory (60% complete)
7,000 units
What is the number of material equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process?
a. 68,000 units
b. 76,000 units
c. 7,000 units
d. 72,000 units
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