Which of the following is/are not used to determine overall per-unit cost under a FIFO process costing system?

Question

Quizplus · Accepted Answer

Under a FIFO process costing system, costs from the previous period (last period) are not used to determine the current period's per-unit cost. This includes direct materials and conversion costs incurred in the last period, as well as selling costs, whether incurred or allocated in the last period. FIFO focuses on the costs incurred in the current period.

Which of the Following Is/are Not Used to Determine Overall