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Author Question: Which of the following steps are part of the first-in, first-out (FIFO) process-costing method? (Read 71 times)

s.tung

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on: Mar 6, 2021
Which of the following steps are part of the first-in, first-out (FIFO) process-costing method?
◦ assignment of costs of the current period's equivalent units to the first units completed and transferred out of the process
◦ assumes as part of its first step that the most recently worked on units are completed and transferred out first
◦ assumes as part of its first step that there is no beginning work-in-process
◦ assignment of costs of the previous period's equivalent units in beginning work-in-process inventory to the first units completed and transferred out of the process
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by s.tung on Mar 6, 2021

daiying98

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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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s.tung

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

Jossy

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

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