Solis Company Uses the FIFO Method to Compute Equivalent Units

Solis Company uses the FIFO method to compute equivalent units. It has 4,000 units in beginning work in process, 20% complete as to conversion costs and 50% complete as to materials costs, 66,000 units started, and 6,000 units in ending work in process, 30% complete as to conversion costs, and 80% complete as to materials cost. How much are the equivalent units for materials under the FIFO method?

A) 66,800
B) 66,000
C) 68,800
D) 70,000

Correct Answer:

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