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Medina Corp. had the following information available for the year: Beginning inventory of goods in process (40% complete, $1,100) 200 units Ending inventory of goods
Medina Corp. had the following information available for the year:
Beginning inventory of goods in process (40% complete, $1,100) 200 units
Ending inventory of goods in process (80% complete) 400 units
Total units started during the year 3,200 units
- FIFO equivalent units of production for the year are:
- 3,320 units.
- 3,520 units.
- 3,200 units
- 3000 units.
- The number of units transferred to finished goods during the year is:
- 3,400 units.
- 3,160 units.
- 3,000 units.
- 3,200 units.
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