Question: The first-in, first-out method of process costing differs from the weighted-average method in that the first-in, first-out method. (a). Considers the stage of completion of

The first-in, first-out method of process costing differs from the weighted-average method in that the first-in, first-out method.

(a). Considers the stage of completion of beginning work-in-process inventory in computing equivalent units of production, whereas the weighted-average method does not.

(b). Does not consider the stage of completion of beginning work-in-process inventory in computing equivalent units of production, whereas the weighted-average method does.

(c). Is applicable only to those companies using the first-in, first-out inventory pricing method, whereas the weighted-average method may be used with any inventory pricing method.

(d). Allocates costs based on whole units, whereas the weighted-average method uses equivalent units.

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