A Reason(s)why "Pure" FIFO Is Rarely Encountered in Process Costing

question 50

Multiple Choice

A reason(s) why "pure" FIFO is rarely encountered in process costing is that:

• A)FIFO is usually applied within a department to compute the cost of units transferred out
• B)the units transferred into the department during a given time period are usually carried at a single average unit cost
• C)tracking costs on a "pure" FIFO basis is very difficult
• D)All of these answers are correct.

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Definitions:

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Instructions in the C programming language that perform various operations; can include conditional statements, loops, and assignment statements.

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A declaration in programming languages like C that specifies a new data type consisting of a collection of variables under a single name.

Variable Names

Variable names are specific identifiers assigned to variables, which hold data values in a programming environment.

Data Type

An attribute of data which tells the compiler or interpreter how the programmer intends to use the data.