Assuming beginning work in process is zero, the equivalent units of production computed using… 1 answer below »

 
   

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Assuming beginning work in process is zero, the equivalent units of production computed using FIFO versus weighted average will have the following relationship:

1. FIFO equivalent units will be greater than weighted-average equivalent units.

2. FIFO equivalent units will be less than weighted-average equivalent units.

3. Weighted-average equivalent units are always greater than FIFO equivalent units.

4. Weighted-average equivalent units will be equal to FIFO equivalent units.