Multiple Choice
An assumption of the FIFO process-costing method is that:
A) the units in beginning inventory are assumed to be completed first.
B) the units in beginning inventory are not necessarily assumed to be completed by the end of the period.
C) ending inventory will always be completed in the next accounting period.
D) no calculation of conversion costs is possible.
Correct Answer:

Verified
Correct Answer:
Verified
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