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In Computing the Current Period's Manufacturing Cost Per Equivalent Unit

Question 38

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In computing the current period's manufacturing cost per equivalent unit, the FIFO method of process costing considers: (CPA adapted)


A) only current period costs.
B) current period costs plus cost of beginning work-in-process inventory.
C) current period costs less cost of beginning work-in-process inventory.
D) current period costs plus the cost of ending work-in-process inventory.

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