Under the first-in, first-out method, in addition to the cost of units started and completed during the period, the cost of the units transferred out of the department includes:

A) Choice A
B) Choice B
C) Choice C
D) Choice D

First-In, First-Out

An inventory valuation method where the costs of the earliest goods purchased or produced are the first to be recognized in determining cost of goods sold.

Units Transferred Out

Describes the quantity of goods that have completed the production process and are moved out of the work-in-process inventory into finished goods or to another process.

Units Started

The number of units of a product that have begun the production process within a specific period.