The FIFO method of process costing will produce the same cost of goods transferred out amount as the weighted average method when

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The FIFO method assumes that the first units produced are the first ones sold or transferred out, so if there is no beginning Work in Process Inventory, all units produced during the period have to be sold or transferred out. In this case, the FIFO method will produce the same cost of goods transferred out amount as the weighted average method, which calculates the average cost of all units produced during the period.

The FIFO Method of Process Costing Will Produce the Same