The percentage of completion of the beginning work-in-process inventory should be considered in the computation of the equivalent units for which of the following methods of process costing?

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The FIFO method of process costing takes into account the degree of completion of the beginning work-in-process inventory. This is because FIFO assumes that units completed are taken out first from the beginning work-in-process inventory, and then from the current period's production. Therefore, the degree of completion of the beginning work-in-process inventory affects the calculation of equivalent units for the current period.

The Percentage of Completion of the Beginning Work-In-Process Inventory Should