Question: Inventory in each process can be accounted for using first-in first-out (FIFO) or weighted average costing methods. Why would a company chooseto use FIFO costing?

Inventory in each process can be accounted for using first-in first-out (FIFO) or weighted average costing methods. Why would a company chooseto use FIFO costing? Why would a company choose to use weighted average costing?

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Companies may choose FIFO firstin firstout costing for several reasons Matching Principle FIFO costing matches the oldest costs first in with the reve... View full answer

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