Consider the following data for a production process: Opening Work-in-Progress: 3,000 units (Degree of completion: 60%)Units introduced and…
CA Intermediate · Cost and Management Accounting · MTP · September 2025
Consider the following data for a production process: Opening Work-in-Progress: 3,000 units (Degree of completion: 60%)Units introduced and completed during the period: 6,000 unitsClosing Work-in-Progress: 4,000 units (Degree of completion: 70%) What is the equivalent production under the FIFO method in process costing?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
10,000 units
Topics: Material Cost, Process & Operation Costing
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