Chapter 17, Problem 17.16MCQ

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

1. 1. FIFO equivalent units will be greater than weighted-average equivalent units.
2. 2. FIFO equivalent units will be less than weighted-average equivalent units.
3. 3. Weighted-average equivalent units are always greater than FIFO equivalent units.
4. 4. Weighted-average equivalent units will be equal to FIFO equivalent units.