Which of the Following Statements Is False

question 137

Multiple Choice

Which of the following statements is false?

• A) Under the FIFO method, beginning inventory costs are kept separate from the current period's costs
• B) Under the weighted average method, beginning inventory costs are combined with the current period's costs
• C) The weighted average and FIFO methods will assign the same amount of costs to the ending inventory units under a standard costing system
• D) The weighted average method is superior to the FIFO method for the purposes of controlling costs