The information below was obtained from the records of one of the departments of Cushing Corporation for the month of August. The company uses the FIFO method in its process costing system. UnitsPercent Complete Labor and OverheadWork in process, August 110,00025%Units completed and transferred out75,000 Work in process, August 3120,00050% All materials are added at the beginning of the process. The equivalent units for materials for the month of August are:
A. 95,000 units
B. 85,000 units
C. 87,500 units
D. 75,000 units
Answer: B
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