Which of the following statements is false regarding process costing? Multiple Choice Process costing would be appropriate for a milk producer. The Weighted Average method ignores costs associated with the previous period when calculating current period costs. The Weighted-Average and FIFO methods will always record the same amount of previous period costs. The same amount of materials, labor, and overhead is used to make each unit. O Labor and overhead columns may be combined if the beginning WIP percentages complete are both equal and the ending WIP percentages complete are both equal