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Multiple choice Which of the following is NOT true about Weighted Average vs FIFO Process...

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Accounting

Multiple choice

Which of the following is NOT true about Weighted Average vs FIFO Process Costing

FIFO takes into account when the units were started

Weighted average does not take into account when the units were started

If there is a significant difference in the results between the methods, the company should use FIFO because it is more accurate.

If there is a significant difference in the results between Weighted-average and FIFO, the company should use Weighted Average because it is more accurate.

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