Irvin Corporation’s Mixing Department Began January with 10,000 Gallons of Product

Irvin Corporation’s Mixing Department began January with 10,000 gallons of product (40 percent completed) in process. During January, Irvin started 100,000 gallons of new product, of which 15,000 gallons remained in ending inventory (70 percent completed) .
-Refer to the figure.If materials were added at the beginning of the process,how many equivalent units of production for conversion costs would there be for Irvin using the FIFO costing method?

A) 101,500 units
B) 105,500 units
C) 110,000 units
D) 116,500 units

Correct Answer:

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