Which of the following is used to calculate the number of units to account for under the first-in, first-out (FIFO) method of inventory valuation of process costing?

A) To account for = Beginning balance + Started and completed + In process
B) To account for = Beginning balance + Amount transferred in
C) To account for = Beginning balance + In process
D) To account for = Beginning balance + Started and completed

B

Business

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