In terms of the computation of equivalent units of production, the FIFO method will:

Group of answer choices

treat units in the beginning WIP inventory as if they were a separate batch of goods distinct from goods started and completed during the current period.

treat units in the beginning WIP inventory as if they were started and completed during the current period.

treat units in the ending WIP inventory as if they were started and completed during the current period.

ignore units in the beginning and ending WIP inventories.