Under the FIFO method, the cost per equivalent unit equals:
A. Cost added during the period ÷ Equivalent units of production.
B. Cost of beginning work in process inventory ÷ Equivalent units of production.
C. (Cost of beginning work in process inventory + Cost added during the period) ÷ Equivalent units of production.
D. (Cost added during the period ? Cost of beginning work in process inventory) ÷ Equivalent units of production.
Answer: A
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