The FIFO Method Provides a Major Advantage Over the Weighted-Average

question 69

Multiple Choice

The FIFO method provides a major advantage over the weighted-average method in that:

• A)the calculation of equivalent units is less complex under the FIFO method.
• B)the FIFO method treats units in the beginning inventory as if they were started and completed during the current period.
• C)the FIFO method provides measurements of work done during the current period.
• D)the weighted-average method ignores units in the beginning and ending work in process inventories.

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Definitions:

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