Which of the following statements is (are) true? I.For cost control,the FIFO method of process costing is better than the weighted-average method.
II) The weighted-average method of process costing assigns more cost to units completed (transferred out) than the FIFO method.
A) I only.
B) II only.
C) Both I and II.
D) Neither I nor II.
Correct Answer:
Verified
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