The first-in, first-out method of process costing differs from the weighted-average method in that the first-in, first-out
Question:
The first-in, first-out method of process costing differs from the weighted-average method in that the first-in, first-out method.
(a). Considers the stage of completion of beginning work-in-process inventory in computing equivalent units of production, whereas the weighted-average method does not.
(b). Does not consider the stage of completion of beginning work-in-process inventory in computing equivalent units of production, whereas the weighted-average method does.
(c). Is applicable only to those companies using the first-in, first-out inventory pricing method, whereas the weighted-average method may be used with any inventory pricing method.
(d). Allocates costs based on whole units, whereas the weighted-average method uses equivalent units.
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