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A reason why "pure" FIFO is rarely encountered in process costing is that:

(a) FIFO is usually applied within a department to compute the cost of units transferred out

(b) the units transferred into a department during a given time period are usually carried at an average unit cost

(d) All of these answers are correct

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9442131

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