Author Question: A distinct feature of the FIFO process-costing method is that the ________. (Read 319 times)

jenna1 · **on:** Mar 6, 2021

Question 1

What is the difference between a weighted-average method of process costing and a first-in, first-out method of process costing?

Question 2

A distinct feature of the FIFO process-costing method is that the ________.
◦ work done on beginning inventory before the current period is blended with the work done during the current period in the calculation of equivalent units
◦ 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
◦ work done on ending inventory is kept separate from the work done during the current period in the calculation of equivalent units and is usually not included in the calculation
◦ FIFO process-costing method is only minimally different from the weighted-average process-costing method

hramirez205 · **Reply #1 on:** Mar 6, 2021

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