Requirement 5. Should

HoffmanHoffman's

managers choose the weighted-average method or the FIFO method? Explain briefly.

Begin by completing the table below that summarizes the costs assigned to units completed and those still in process under the weighted-average and FIFO process-costing methods.

	Weighted-average	FIFO	Difference
Cost of units completed and transferred out
Work in process, ending
Total costs accounted for