(Appendix 4A)The cost per equivalent unit under the FIFO method of process costing is equal to the cost of beginning work-in-process inventory plus the costs added during the period,all divided by the equivalent units of production for the period.

Question

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The cost per equivalent unit under the FIFO method is calculated by dividing the costs added during the period by the equivalent units of production for the period, excluding the cost of beginning work-in-process inventory.

(Appendix 4A)The Cost Per Equivalent Unit Under the FIFO Method