(Answered) Question equivalent units for a process costing system

Accounting

Question: Equivalent units for a process costing system using the FIFO method would be equal to:

a. units completed during the period, plus equivalent units in the ending work-in-process inventory.

b. units started and completed during the period, plus equivalent units in the ending work-in-process inventory.

c. units completed during the period and transferred out.

d. units started and completed during the period, plus equivalent units in the ending work-in-process inventory, plus work needed to complete units in the beginning work-in-process inventory.

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