Which Costs Should Be Included in the Calculation of the Cost

question 15

Multiple Choice

Which costs should be included in the calculation of the cost per equivalent unit using the FIFO method of process costing?

• A) Current period costs only
• B) Current period costs plus those from beginning work-in-process inventory
• C) Current period costs less those from beginning work-in-process inventory
• D) Current period costs less those from ending work-in-process inventory