The Computation of Equivalent Units Under the FIFO Method

Multiple Choice

The computation of equivalent units under the FIFO method:

A) treats units in the beginning work-in-process inventory as if they were started and completed during the current period.
B) treats units in the beginning work-in-process inventory as if they represent a batch of goods separate and distinct from goods started and completed during the current period.
C) treats units in the ending work-in-process inventory as if they were started and completed during the current period.
D) ignores units in the beginning and ending work-in-process inventories.