(Appendix 6A)If a Company Uses Two Different Unit Cost Figures

question 28

Multiple Choice

(Appendix 6A) If a company uses two different unit cost figures to cost transfers from one department to another under a process costing system,then which of the following statements is reasonable to assume?

• A) There was no beginning work-in-process inventory.
• B) Processing centres are arranged in a sequential pattern.
• C) The FIFO cost method is being used.
• D) The weighted-average cost method is being useD.

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Definitions:

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Behavioral Insights Team

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Behavioral Economics

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