The Unit-Costing Method That Excludes Prior-Period Work and Costs in Computing

question 176

Multiple Choice

The unit-costing method that excludes prior-period work and costs in computing current-period unit work and costs is called:

• A)Transferred-in cost method
• B)FIFO costing method
• C)Weighted average method
• D)Equivalent units method

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Definitions:

Factor

In mathematics, a factor is a number or expression that divides another number or expression evenly, without leaving a remainder.

Expression

A mathematical phrase that can contain numbers, variables, and operation symbols but does not have an equal sign.

Zero-Factor Property

A rule stating that if the product of two factors equals zero, at least one of the factors must also be zero.

Equation

A statement in mathematics that declares two expressions, often including variables and constants, to be equivalent.