(Appendix 4A)The cost per equivalent unit for conversion costs will always be the same under both the FIFO and the weighted-average methods if there is no beginning work-in-process inventory.

Question

Quizplus · Accepted Answer

If there is no beginning work-in-process inventory, then the only units in production would be those started and completed during the period, and both the FIFO and weighted-average methods will treat the cost of production the same way, resulting in the same cost per equivalent unit for conversion costs.

(Appendix 4A)The Cost Per Equivalent Unit for Conversion Costs Will