2uestion 14 (1 point) Which of the following statements is correct with respect to the differences between using the weighted-average method or the FIFO method of preparing a process costing production report? a) Use of FIFO or weighted-average results in large differences for companies that maintain minimal work-in-process inventory. b) The weighted-average method is often simpler, less costly to prepare, and provides useful information for decision-making. c) FIFO is simpler to use than the weighted-average method. d) Use of FIFO is acceptable for GAAP, while use of weighted-average method is not