Under Australian accounting standards, which methods can be used to prepare the departmental production report?

A) Weighted average, first in first out and standard costing
B) Last in first out, first in first out and standard costing
C) Last in first out, standard costing, weighted average
D) First in first out, last in first out, weighted average and standard costing

Australian Accounting Standards

A set of principles and rules that guide financial reporting and accounting practices in Australia.

Departmental Production Report

A document that tracks the output, efficiency, and costs of a specific department within a manufacturing facility.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.