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What the equivalent units of production were

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Point 1: A company's beginning Work in Process Inventory consisted of 20,000 units that were one-fifth complete with respect to direct labour. These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were one-third complete at the end of the period. Using FIFO, the equivalent units of production were

Option 1: 60,000.

Option 2: 74,000.

Option 3: 76,000.

Option 4: 86,000.

Reference no: EM132481256

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