During August,the Filtering Department of Olive Inc

question 141

Multiple Choice

During August,the Filtering Department of Olive Inc.had beginning transferred in balance of 200 units with costs of $50,000.During the month,it started and completed 250 units.It had 50 units in the ending Work-in-Process Inventory.What is the number of equivalent units of production for transferred in units in the Filtering Department in August under the first-in-first-out (FIFO) method?

• A)200 units
• B)500 units
• C)300 units
• D)100 units

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Definitions:

Complex Fraction

A fraction characterized by having a fraction in its numerator, denominator, or both parts.

Simplify

To reduce a mathematical expression or equation to its simplest form, making it easier to understand or solve.

Division

A mathematical operation in which a number, the dividend, is divided by another number, the divisor, to produce a quotient.

Simplify

To reduce a mathematical expression or equation to its simplest form without changing its value.