The major difference between weighted average and FIFO is
A) how completed and transferred units are treated.
B) how ending inventory is treated.
C) how beginning inventory is treated.
D) how current period costs are treated.

Question

Quizplus · Accepted Answer

The major difference between weighted average and FIFO methods in inventory costing is how beginning inventory is treated. FIFO considers the costs of beginning inventory separately from the costs incurred during the current period, while the weighted average method combines them.

The Major Difference Between Weighted Average and FIFO Is