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When calculating the cost per equivalent unit in process costing, what is the difference between the weighted-average and FIFO methods? A. With FIFO, prior period
When calculating the cost per equivalent unit in process costing, what is the difference between the weighted-average and FIFO methods?
A.
With FIFO, prior period costs are not combined with current period costs.
B.
There is no difference between the two methods.
C.
With weighted-average, prior period costs are not combined with current period costs.
D.
With FIFO, prior period costs are combined with current period costs
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