TFP Limited Operates a Process Costing System and Uses the First

Multiple Choice

TFP Limited operates a process costing system and uses the first in first out method when valuing closing work in progress and finished units of production. During the month of August, 31,300 equivalent units of material were used in the process. The 2,000 units of opening work in progress were 60% complete with respect to materials. At the end of August, work in progress consisted of 5,000 units which were 50% complete with respect to materials. How many units of production were started and completed during the month of August?

A) 27,600
B) 28,000
C) 28,800
D) 30,000