The primary difference between the FIFO and weighted average methods of process costing is

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The primary difference between the FIFO and weighted average methods of process costing is in the treatment of beginning Work in Process Inventory. Under FIFO, the costs associated with beginning Work in Process Inventory are separated from the current period production costs, while under the weighted average method, all costs are blended together. Differences in the treatment of current period production costs and spoiled units are minor and do not significantly impact the calculation of the cost per unit.

The Primary Difference Between the FIFO and Weighted Average Methods