Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen

Exercise 40

(CPA 2009 Exam, adapted) Weighted average and first-in, first-out (FIFO) equivalent units would be the same in a period when which of the following occurs?
A) No beginning inventory exists.
B) No ending inventory exists.
C) Beginning inventory equivalent units exceed 50% complete.
D) Beginning inventory equivalent units are less than 50% complete.