Under the First-In,first-Out (FIFO)method,the Cost of Equivalent Units of Production

Multiple Choice

Under the first-in,first-out (FIFO) method,the cost of equivalent units of production is calculated by ________.

A) summing up only the transferred in costs of each department
B) combining beginning inventory costs with current period costs
C) considering only the transferred out costs of each department
D) accounting for beginning inventory costs separately from current period costs