Which of the Following Statements About the Weighted Average and FIFO

question 37

Multiple Choice

Which of the following statements about the weighted average and FIFO methods is true?

• A) Equivalent units of production cannot be the same under the two methods.
• B) Equivalent units of production under FIFO are always greater than or equal to equivalent units of production under the weighted average method.
• C) Equivalent units of production under FIFO will equal equivalent units of production under the weighted average method only when there are no units in ending inventory.
• D) Equivalent units of production for ending inventory units are the same under the two methods.