A distinct feature of the FIFO process-costing method is that the 0 A. FFO proce

Question

A distinct feature of the FIFO process-costing method is that the 0 A. FFO process costng method is only mnmally diferent from the weighted-average procesuosting method O B. work done an beginning inventory before the current period is kept separafe from the work done during the current period in the calculation of equivalent units O C. work done on beginning inventory before the current period s blended with the work done during the current pericd in the calculation of equivaient units O D. work done on ending inventory is kept separate from the work done duning the current period in the cakulation of equivalent units and is usually not included in the calculation

Explanation / Answer

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.

While calculating equivalent units of production, work done in the current period is only relevant. Work done on beginning inventory is calculated in the equivalent units in ending iinventory of the prior period.

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