Under the FIFO Method,the Cost Per Equivalent Unit Equals

question 28

Multiple Choice

Under the FIFO method,the cost per equivalent unit equals:

• A) Cost of beginning work in process inventory ÷ Equivalent units of production.
• B) (Cost of beginning work in process inventory + Cost added during the period) ÷ Equivalent units of production.
• C) Cost added during the period ÷ Equivalent units of production.
• D) (Cost added during the period − Cost of beginning work in process inventory) ÷ Equivalent units of production.

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