In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as

A. partial inventory costing method

B. current period inventory method

C. Last-in, first-out method

D. First-in, first-out method

Answer: Option D

Solution(By Examveda Team)

In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as First-in, first-out method.