To compute equivalent units of production using the FIFO method of process costing,work for the current period must be stated in units

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The FIFO method assumes that units from beginning inventory are completed first, followed by units started and completed during the period, and finally, any units partially completed in ending inventory. Therefore, to compute equivalent units of production using the FIFO method, one must consider units completed from beginning inventory, units started and completed during the period, and units partially completed in ending inventory.

To Compute Equivalent Units of Production Using the FIFO Method