Tripper Corp

question 95

Multiple Choice

Tripper Corp.uses a FIFO process costing system.Beginning inventory for January consisted of 1,000 units that were 60% completed.10,000 units were started into the process during January.During January,9,500 units were started and completed.How many units were in ending inventory on January 31?

• A)1,500
• B)1,000
• C)500
• D)100

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