Question: Assuming beginning work in process is zero, the equivalent units of production computed using FIFO versus weighted average will have the following relationship: Question content
Assuming beginning work in process is zero, the equivalent units of production computed using FIFO versus weighted average will have the following relationship:
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FIFO equivalent units will be less than weightedaverage equivalent units.
Weightedaverage equivalent units will be equal to FIFO equivalent units.
Weightedaverage equivalent units are always greater than FIFO equivalent units.
FIFO equivalent units will be greater than weightedaverage equivalent units.
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