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

question 14

Multiple Choice

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

• A) There is no ending work in process inventory.
• B) There is no beginning work in process inventory.
• C) The beginning and ending work in process inventories are equal.
• D) The beginning and ending work in process inventories are both 50 per cent complete.

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