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    Managerial Accounting Study Set 5
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    Exam 20: Fifo Method
  5. Question
    The Equivalent Units of Production for a Department Using the FIFO
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The Equivalent Units of Production for a Department Using the FIFO

Question 59

Question 59

True/False

The equivalent units of production for a department using the FIFO process costing method is equal to the number of units completed plus the equivalent units in the ending inventory.

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