Which of the following statements comparing the two alternative methods of process costing is TRUE? Total costs to be accounted for under the FIFO method will be smaller than those under the weighted average method. When there is some beginning WIP inventory, the weighted-average method will result in greater equivalent units of outputs to be included for the cost per equivalent unit calculation than those under the FIFO method. The equivalent units in the ending WIP inventory will be higher under the weighted average method than under the FIFO method. When there is no ending WIP inventory, the weighted average method and the FIFO method should result in the same cost of goods manufactured