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 when the units were 50 percent complete,how many equivalent units of production for materials would there be for Irvin Corporation using the FIFO costing method?

A) 85,000 units
B) 101,500 units
C) 105,500 units
D) 110,000 units

Correct Answer:

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