When computing the cost per equivalent unit, the FIFO process costing method considers
A) current costs only.
B) current costs plus ending work in process inventory costs.
C) current costs less ending work in process inventory costs.
D) current costs plus beginning work in process inventory costs.

Question

Quizplus · Accepted Answer

FIFO process costing method considers current costs only.

When Computing the Cost Per Equivalent Unit, the FIFO Process