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    Principles of Accounting
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    Exam 21: Costing Systems Process Costing
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    Which Method Assumes That All Units in Beginning Work in Process
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Which Method Assumes That All Units in Beginning Work in Process

Question 26

Question 26

Multiple Choice

Which method assumes that all units in beginning work in process (WIP) are completed in the current period?


A) LIFO
B) Average cost
C) FIFO
D) Direct

Correct Answer:

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