When Comparing the Two Process Costing Methods for the Same

question 57

True/False

When comparing the two process costing methods for the same company,equivalent units computed under the FIFO method will always be less than or equal to equivalent units computed under the weighted-average method.

---

Definitions:

Product

The result of multiplying two or more numbers or factors together.

Base

In chemistry, a base is a substance that can accept hydrogen ions or donate an electron pair in reactions.

Result

The outcome or conclusion of a calculation, experiment, or action, indicating the final effect or findings.