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Salmont Corporation Uses the First-In, First-Out Method in Its Process

Question 38

Multiple Choice

Salmont Corporation uses the first-in, first-out method in its process costing system. The company reported 40,000equivalent units of production for materials last month. The company's beginning work in process inventory consisted of 8,500 units, 40% complete with respect to materials. The ending work in process inventory consisted of 6,500 units, 70% complete with respect to materials. The number of units started during the month was:


A) 41,400 units
B) 37,400 units
C) 36,850 units
D) 38,850 units

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