Under the FIFO method,the equivalent units of production relate only to work done during the current period.

Name: Under the FIFO method,the equivalent units of production relate only to work done during the current period.
Brand: Quizplus
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Quizplus · Accepted Answer

This is because the FIFO method assumes that the first units produced are the first ones to be sold or completed, so only the work done during the current period is considered for calculating equivalent units of production.

Under the FIFO Method,the Equivalent Units of Production Relate Only