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

question 103

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) Only I is true.
• B) Only II is true.
• C) Both I and II are true.
• D) Neither I nor II is true.

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