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Process Costing: Equivalent units transferred out20000 Equivalent units produced this period using FIFO33000 Equivalent units in beginning inventory7000 Materials costs in beginning work in process

Process Costing:

Equivalent units transferred out20000 Equivalent units produced this period using FIFO33000 Equivalent units in beginning inventory7000 Materials costs in beginning work in process inventory$20000 Current period costs for materials$80,000 How many units were started and completed? A. 13000 B. 20000 C. 26000 D. 33000 E. None of these

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