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 number of units started and completed during the period will be the same under both the FIFO and the weighted-average methods. Therefore, the cost per equivalent unit for conversion costs will be the same under both methods.

The Cost Per Equivalent Unit for Conversion Costs Will Always