There is no such thing as FIFO inventory flow in process costing. You may think you are

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"There is no such thing as FIFO inventory flow in process costing. You may think you are using FIFO, but when you look at those FIFO costs in the next process center they turn out to be average costs." Explain what is meant by this comment.

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Cost Accounting

ISBN: 9780538817646

2nd Edition

Authors: Les Heitger, Pekin Ogan, Serge Matulich

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