Because the Weighted Average and FIFO Methods Treat Beginning Inventory

question 68

Multiple Choice

Because the weighted average and FIFO methods treat beginning inventory differently, if a firm has beginning inventory in a process costing system and the FIFO method is used, it will:

• A) Always have a higher number of equivalent units of production for conversion costs than weighted the average method
• B) Always have a lower number of equivalent units of production for conversion costs than the weighted average method
• C) Always have a higher cost per equivalent unit than the weighted average method for materials
• D) Always have a lower cost per equivalent unit than the weighted average method for conversion costs

---

Definitions:

Epigenetic Influences

Refer to external modifications to DNA that turn genes on or off without changing the DNA sequence itself, affecting how cells read genes.

Gene Expression

Gene Expression is the process by which information from a gene is used to synthesize a functional gene product, such as proteins, influencing the traits and behavior of an organism.

Concordance Rates

A measure in genetics that indicates the likelihood of two related individuals (usually twins) both showing a particular trait or disorder.

Identical Twins

Twins that result from the splitting of a single fertilized egg, sharing the same genetics.