Xeno Ltd Operates a Process Costing System and Uses the FIFO

question 50

Multiple Choice

Xeno Ltd operates a process costing system and uses the FIFO method. Beginning work in process consists of 1,000 units, 30% complete. Ending work in process is 15% complete, and direct materials are added at the 20% point. The equivalent units of production for materials are 14,000 and for conversion costs are 18,000. The number of units in ending work in process was

• A) 37,000
• B) 14,000
• C) 18,000
• D) 22,000

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