Equivalent Units of Production for a Process Costing System Using

Multiple Choice

Equivalent units of production for a process costing system using the first-in, first-out method are equal to:

A) Units completed during the period + Equivalent units in the ending work in process inventory.
B) Units transferred out + Equivalent units in ending work in process inventory + Equivalent units in beginning work in process inventory.
C) Units started and completed during the period + Equivalent units in the ending work in process inventory.
D) Units completed during the period and transferred out.