Which method is a method used to prepare the departmental production cost report when using a process cost system?
A)LIFO method.
B)FIFO method.
C)Weighted production method.
D)Production average method.
E)Throughput average method

Question

Quizplus · Accepted Answer

The FIFO method is commonly used in process costing to prepare departmental production cost reports, as it accounts for the costs of units in beginning inventory separately from the costs of units started and completed during the period.

Which Method Is a Method Used to Prepare the Departmental