Under Which of the Following Conditions Will the First-In,first-Out Method

question 32

Multiple Choice

Under which of the following conditions will the first-in,first-out method of process costing produce the same cost of goods manufactured amount as the average cost method?

• A)When goods produced are homogeneous in nature
• B)When there is no beginning inventory
• C)When there is no ending inventory
• D)When beginning and ending inventories are each 50 percent complete

---

Definitions:

Java

A popular high-level, object-oriented programming language known for its portability across platforms.

GetContentPane

In the context of Java Swing, getContentPane() is a method that retrieves the content pane of a JFrame, where components like buttons and labels are added.

Class JFrame

A class in the Java Swing library for creating a window where components like buttons, labels, or text fields can be added to create a graphical user interface.

Content Pane

The primary panel in a Java Swing JFrame where components are added to create a user interface.