Which of the following statements is false?
A) Under the FIFO method, beginning inventory costs are kept separate from the current period's costs
B) Under the weighted average method, beginning inventory costs are combined with the current period's costs
C) The weighted average and FIFO methods will assign the same amount of costs to the ending inventory units under a standard costing system
D) The weighted average method is superior to the FIFO method for the purposes of controlling costs
Correct Answer:
Verified
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