The information below was obtained from the records of Bapst Company for the month of May. The company uses the FIFO method in its process costing system.
|
Labor and Overhead |
|||
|
Units |
Percent Complete |
||
|
Work in process inventory, May 1 |
3,000 |
30% |
|
|
Started into production |
20,000 |
||
|
Work in process inventory, May 31 |
4,000 |
40% |
|
All materials are added at the beginning of the manufacturing process.
The equivalent units for labor and overhead for the month are:
A) 17,600 units
B) 18,500 units
C) 19,700 units
D) 21,600 units