Which method considers the percentage of completion of beginning Work-in-Process Inventory?
A) CVP analysis
B) FIFO costing method
C) LIFO costing method
D) weighted average costing method

Question

Quizplus · Accepted Answer

The FIFO costing method considers the percentage of completion of beginning Work-in-Process Inventory by separating the work done in the current period from the work done in previous periods.

Which Method Considers the Percentage of Completion of Beginning Work-In-Process