Under the FIFO method,the units completed during the period must be split between beginning units in process and units started and completed.In FIFO,physical units are divided between beginning units in process,units started and completed,and ending units in process.

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Quizplus · Accepted Answer

This statement is true. Under the FIFO method, the units completed during the period are allocated first to the beginning inventory, then to units started and completed during the period, and finally to the ending inventory. Therefore, physical units are divided between beginning units in process, units started and completed, and ending units in process.

Under the FIFO Method,the Units Completed During the Period Must