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 transferred back to the previous department for further processing in the current period
B) these units are expected to be sold by the receiving department without subjecting them to further processing
C) no additional costs for these units were transferred in the current period
D) costs involved in inter-departmental transfers are accounted for only once when sales are made to customers
C
You might also like to view...
The process design team at a manufacturer has broken an assembly process into eight basic steps, each with a required time, and predecessor as shown in the table
They work a 7 hour day and want to produce at a rate of 360 units per day. What should their takt time be? Task Time (sec) Predecessor A 45 -- B 50 A C 40 A D 55 B, C E 40 D F 65 D G 25 E H 35 F, G A) 70 seconds B) 65 seconds C) 52 seconds D) 25 seconds
The ability of a process to produce quality output is unknown and the time to ship the output to a customer is highly variable. The combination of these two factors will lead to the waste of waiting
Indicate whether the statement is true or false.