What is the number of units completed and transferred out

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Problem - Cap Company had the following data for 2021:

Units in process at the beginning of the month 2,000

Units in process at the end of the month 5,000

Units started during the month 20,000

Materials are added at the beginning of the process.

Beginning work-in-process was 40 percent complete as to conversion.

Ending work-in-process was 70 percent complete as to conversion.

Q1. What is the number of units completed and transferred out during the period?

A. 15,000

B. 22,000

C. 17,000

D. 20,000

E. 16,200

Q2. How many equivalent units for materials would there be using the FIFO method?

a. 22,000

b. 15,000

c.20,000

d. 18,500

Reference no: EM132787260

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