During September,the Filtering Department of Davis,Inc

question 143

Multiple Choice

During September,the Filtering Department of Davis,Inc.had a beginning Work-in-Process Inventory of 700 units with costs of $135,000.During the month,it started and completed 700 units.It had 240 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 September under the first-in,first-out (FIFO) method?

• A) 700 units
• B) 940 units
• C) 1,640 units
• D) 460 units

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Definitions:

Equipment

Tangible items used in the operation or production process of a business.

Financial Statement

A documented summary detailing a company's business operations and financial health, usually encompassing the balance sheet, income statement, and statement of cash flows.

Total

The sum or aggregate amount resulting from the addition of individual items or elements in a set.

Credit Purchase

Buying goods or services and deferring payment to a later date, typically recorded as accounts payable.