A Distinct Feature of the FIFO Process-Costing Method Is That

question 139

Multiple Choice

A distinct feature of the FIFO process-costing method is that the ________.

• A) work done on beginning inventory before the current period is blended with the work done during the current period in the calculation of equivalent units
• B) work done on beginning inventory before the current period is kept separate from the work done during the current period in the calculation of equivalent units
• C) work done on ending inventory is kept separate from the work done during the current period in the calculation of equivalent units and is usually not included in the calculation
• D) FIFO process-costing method is only minimally different from the weighted-average process-costing method