Which one of the following process costing methods includes only current costs in the calculations of cost per equivalent unit?
A)FIFO method.
B)LIFO method.
C)Throughput method.
D)Weighted-average method.
E)Moving-average method.

Question

Quizplus · Accepted Answer

The FIFO method includes only current period costs in the calculation of cost per equivalent unit, as it separates the costs of beginning inventory from the costs incurred during the current period.

Which One of the Following Process Costing Methods Includes Only