The FIFO Method of Process Costing Will Produce the Same

question 109

Multiple Choice

The FIFO method of process costing will produce the same cost of goods transferred out amount as the weighted average method when

• A)the goods produced are homogeneous.
• B)there is no beginning Work in Process Inventory.
• C)there is no ending Work in Process Inventory.
• D)beginning and ending Work in Process Inventories are each 50 percent complete.

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