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7 years ago
Under the first-in, first-out (FIFO) method, the current period equivalent units of production for transferred in units in beginning inventory are zero because ________.
A) these units are expected to be sold by the receiving department without subjecting them to further processing
B) these units are transferred back to the previous department for further processing in the current period
C) costs involved in inter-departmental transfers are accounted for only once when sales are made to customers
D) no additional costs for these units were transferred in the current period
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
Makes perfect sense, thx
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