Which of the Following Statements Is (Are)true? I

question 85

Multiple Choice

Which of the following statements is (are) true? I.For cost control,the FIFO method of process costing is better than the weighted-average method.
II) The weighted-average method of process costing assigns more cost to units completed (transferred out) than the FIFO method.

• A)I only.
• B)II only.
• C)Both I and II.
• D)Neither I nor II.

---

Definitions:

Slogan

A short, memorable phrase used in advertising, political campaigns, or as a motto to capture the essence of beliefs, goals, or intentions.

Farmers Alliance

A broad-based populist socio-economic movement among American farmers that developed and flourished in the 1870s and 1880s.

1870s

A decade marked by significant events such as the Franco-Prussian War, the establishment of the German Empire, and advances in technology and culture during the late 19th century.

Cooperative Stores

Retail establishments owned and operated by their consumers to achieve better prices and quality in goods and services.