The FIFO method of process costing differs from the weighted$-$average method of process costing in that the FIFO method $\_\_\_\_\_\_\_\_.$

multiple choice

blends costs and outputs from the current period with costs and outputs from the prior period

separates the costs and outputs from the current period from the costs and outputs from the prior period

considers beginning work in process to be started and completed during the current period

does not take the beginning percentage of completion into account when calculating equivalent units