Which of the following is not an approach to compute equivalent units?
A) Weighted average.
B) Last-in, first-out.
C) First-in, first-out.
D) All of these approaches can be used.

Name: Which of the following is not an approach to compute equivalent units? A) Weighted average. B) Last-in, first-out. C) First-in, first-out. D) All of these approaches can be used.
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Question

Quizplus · Accepted Answer

Last-in, first-out (LIFO) is an inventory costing method and not an approach to compute equivalent units. Therefore, the best choice is B.

Which of the Following Is Not an Approach to Compute