Edit View History Bookmarks Window Help 2 PM Kyle h Acct 108

Edit View History Bookmarks Window Help 2 PM Kyle h Acct 1080 v0eso 2018W (A Test: Week #3 Exam #5 This Question: 1 pt Kyle Maisano& I 1/26/18 4:42 PM Time Remalining: 00.5144 Submilt Test 180, 18 (0 complete This Test: 18 pts possible During August, the Fitering Department of Olive, Inc. had beginning Work-in-Process inventory of 130 units with costs of $50,000. 600 units were transfemed in during the month. t had 70 units in ending Work-in-Process Inventory. Under the first-in, fist-out (FIFO) method, oument period equivalent units of production for bransferred inse unts n begining werkin-Process Inventory of Fheng Department is O A 130 units O B. 600 unis O D. 70 units Click to select your answer 11:50pm

Solution

A . 130 units , FIFO(first in first out) means units come first will adjust with units go out, units transferring out are 660 units [130 + 600 -70], therefore beginning inventories of 130 units will be adjusted fiirst with 660 units transferred out