Salmont Corporation Uses the FIFO Method in Its Process Costing

question 64

Multiple Choice

Salmont Corporation uses the FIFO method in its process costing system.The company reported 30,800 equivalent units of production for materials last month.The company's beginning work in process inventory consisted of 8,000 units,75% complete with respect to materials.The ending work in process inventory consisted of 6,000 units,80% complete with respect to materials.The number of units started during the month was:

• A) 32,000 units
• B) 24,000 units
• C) 6,800 units
• D) 30,000 units

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