The Use of the FIFO Costing Method Would Result in a Company's

question 113

Multiple Choice

The use of the FIFO costing method would result in a company's process cost report showing

• A)units transferred out as one amount with no distinction made for beginning inventory.
• B)units transferred out as two amounts: one for beginning inventory and the other for units started and completed during the month.
• C)units transferred out as two amounts: one for units completed during the period and one for ending inventory.
• D)units transferred out as three amounts: one for beginning inventory,one for units started and completed during the period,and one for ending inventory.