Canadian Oil Company manufactures cooking oils. All direct materials are added at the beginning of the production process.
Canadian Oil Company manufactures cooking oils. All direct materials are added at the beginning of the production process. The company currently uses the FIFO method. Data for the month of July is listed below.
Units started during the period
Completed and transferred out
Direct materials used
How many units were started and completed with respect to direct materials during the month?
I’m thinking it’s either 170,000 as that would be based off of the 170000 new units completed, or I was also thinking that it could be 200,000 since it says all Direct Materials are added at the beginning of the process which could mean that the work with regards to direct materials is already done even if units aren’t finished. Not sure