The Polishing Department of Laminates, Inc had 18,000 units in process on June 1 and received 30,000 units from the Machining Department
What is the number of units to account for by the Polishing Department for June? The company uses the FIFO costing method.
A) 30,000 units
B) 18,000 units
C) 48,000 units
D) 12,000 units
C .C) To account for = Beginning balance + Units transferred in
To account for = 18,000 + 30,000 = 48,000 units
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