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Under the FIFO cost flow assumption, the unit cost of production is based on the equivalent units of work performed: Multiple Choice 01:20:30 during the

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Under the FIFO cost flow assumption, the unit cost of production is based on the equivalent units of work performed: Multiple Choice 01:20:30 during the current period. on those units completed and transferred out. on those units completed plus the equivalent units of work performed on the beginning inventory. on the beginning inventory, plus units transferred out, minus the ending inventory

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