When the FIFO costing method is used in process costing,the number of units in beginning inventory is multiplied by 100 percent to determine the equivalent units.

Question

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In the FIFO costing method, only the work done during the current period is considered for calculating equivalent units, so the units in beginning inventory are not simply multiplied by 100 percent. The focus is on what was added to those beginning units during the current period to complete them.

When the FIFO Costing Method Is Used in Process Costing,the