FIFO assumes that units in beginning work in process are completed first,before any new units are started.

Name: FIFO assumes that units in beginning work in process are completed first,before any new units are started.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

FIFO stands for "first in, first out." This means that the units that are processed or worked on first are completed first before any new units are started. So, the assumption that units in the beginning work in process are completed first is true for FIFO.

FIFO Assumes That Units in Beginning Work in Process Are