Description of this paper

The FIFO and the weighted-average methods of process

Description

solution


Question

On occasion, the FIFO and the weighted-average methods of process costing will result in the same dollar amount of costs being transferred to the next department. Which of the following scenarios would have that result;a. when the beginning and ending inventories are equal in terms of unit numbers;b. when the beginning and ending inventories are equal in terms of the percentage of completion for both direct materials, and conversion costs;c. when there is no ending inventory;d. when there is no beginning inventory

 

Paper#27004 | Written in 18-Jul-2015

Price : $37
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