What two categories of completed units are needed in the FIFO method so that each category can be costed correctly?
A)beginning work-in-process units and units started
B)units started and completed and ending work-in-process units
C)beginning work-in-process units and units started and completed
D)units started and completed and ending work in process

Question

Quizplus · Accepted Answer

The FIFO method requires costing beginning work-in-process units separately from units started and completed during the period to accurately assign costs.

What Two Categories of Completed Units Are Needed in the FIFO