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Author Question: Which of the following is an assumption under FIFO process-costing method? (Read 58 times)

Cooldude101

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on: Mar 6, 2021
Which of the following is an assumption under FIFO process-costing method?
◦ It assumes some of the higher-cost units are placed in ending work in process.
◦ It assumes that all the lower-cost units from the previous period in beginning work in process are the first to be completed and transferred out of the process.
◦ It assumes that unit inputs costs are constant and do not fluctuate in the short run.
◦ It assumes that the ending work in process consists of only the lower-cost current-period units.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Cooldude101 on Mar 6, 2021

thall411

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Cooldude101

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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