Simplicity is the main advantage of which of the following process costing methods?
A)LIFO
B)FIFO
C)Weighted average
D)Exact cost method

Question

Quizplus · Accepted Answer

The weighted average method is simpler because it averages out costs over all units, making it easier to calculate and apply compared to methods like FIFO or LIFO, which require tracking costs based on specific time periods or batches.

Simplicity Is the Main Advantage of Which of the Following