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.

---

Definitions:

Buyer

An individual or organization that makes a decision to purchase goods or services.

Consciously Aware

The state of being fully attentive and mindful of one's surroundings and own thoughts and actions.

Small Talk

Casual or informal conversation used to establish rapport with clients before moving into the main topic of discussion.

Rapport

A positive, mutual relationship characterized by trust, understanding, and good communication, often established between people in personal and professional contexts.