A Company's Beginning Work in Process Inventory Consisted of 20,000

Multiple Choice

A company's beginning work in process inventory consisted of 20,000 units that were 1/5 complete with respect to direct labor. 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 1/3 complete at the end of the period. Using FIFO, the equivalent units of production were:

A) 60,000
B) 74,000
C) 76,000
D) 86,000
E) 90,000