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A major advantage of using the FIFO process-costing method is that in contrast with the weighted-average method, FIFO is considered GAAP FIFO makes the unit

A major advantage of using the FIFO process-costing method is that


in contrast with the weighted-average method, FIFO is considered GAAP 


FIFO makes the unit cost calculations simpler


FIFO provides managers with information about changes in the costs per unit from one period to the next in the period of rising prices


it leads to lower operating income and lower tax payments, saving the company cash and increasing the company's value

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