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The following information pertains to Davis Co.'s Chesapeake Division for the month of April: Units Materials cost Beginning Work-in-Process 15,000 $5,500 Started in April 40,000
The following information pertains to Davis Co.'s Chesapeake Division for the month of April:
| Units | Materials cost |
Beginning Work-in-Process | 15,000 | $5,500 |
Started in April | 40,000 | $18,000 |
Units completed | 42,500 |
|
Ending Work-in-Process | 12,500 |
|
All materials are added at the beginning of the process. Using the FIFO method, the equivalent units of production with respect to materials is:
Multiple Choice
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57,500
-
55,000
-
42,500
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40,000
-
27,500
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