A major advantage of using the FIFO process-costing method is that

in contrast with the weighted-average method, FIFO is considered GAAP 

FIFO makes the unit cost calculations simpler

FIFO provides managers with information about changes in the costs per unit from one period to the next in the period of rising prices

it leads to lower operating income and lower tax payments, saving the company cash and increasing the company's value

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The FIFO FirstIn FirstOut processcosting method is a cost allocation method where the first costs us... View the full answer