Under Which of the Following Conditions Will the FIFO Method

question 27

Multiple Choice

Under which of the following conditions will the FIFO method of process costing result in the same amount of cost being transferred to the next department as the weighted-average method?

• A)When the beginning and ending inventories are each fifty percent complete.
• B)When there is no beginning inventory.
• C)When there is no ending inventory.
• D)When units in the beginning inventory are all completed and transferred at the same time.