The Computation of Equivalent Units Under the FIFO Method

question 24

Multiple Choice

The computation of equivalent units under the FIFO method

• A)treats units in the beginning work in process stock as if they were started and completed during the current period.
• B)treats units in the beginning work in process stock as if they represent a separate batch of goods separate and distinct from goods started and completed during the current period.
• C)treats units in the ending work in process stock as if they were started and completed during the current period.
• D)ignores units in the beginning and ending work in process inventories.