Under a FIFO process costing system, the calculation of direct materials cost per-equivalent-unit includes both the costs incurred this period and those remaining in beginning inventory from last period.

Question

Quizplus · Accepted Answer

The calculation of direct materials cost per equivalent unit would include only costs incurred this period (i.e., the costs to complete the beginning inventory and all costs incurred during this period to work on new units started this period).

Under a FIFO Process Costing System, the Calculation of Direct