Under the FIFO method of process costing, the total manufacturing costs of units started and completed within a period will be the costs incurred in the current period to complete them less the prior period costs attached to beginning inventory.

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Under the FIFO method of process costing, the total manufacturing costs of units started and completed within a period include only the costs incurred in the current period, without subtracting any prior period costs, since FIFO assumes the first units completed are the first ones started, thus focusing solely on current period costs for these units.

Under the FIFO Method of Process Costing, the Total Manufacturing