When calculating the costs to be transferred using the FIFO method, we should not include costs assigned in the previous period to units that were in process at the beginning of the current period but are now included in the units transferred.

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When calculating the costs to be transferred using the FIFO method, we should include costs assigned in the previous period to units that were in process at the beginning of the current period but are now included in the units transferred.

When Calculating the Costs to Be Transferred Using the FIFO