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Regardless of Whether Previous Departments Used the Weighted-Average or the FIFO

Question 155

Multiple Choice

Regardless of whether previous departments used the weighted-average or the FIFO method, all transferred-in costs during a given period are carried at


A) the cost at which it was transferred in.
B) the previous period's costs.
C) multiple unit-cost figures.
D) the final cost.
E) one average unit-cost.

Correct Answer:

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