True/False

52. In the weighted average method, costs from beginning work in process are averaged with costs incurred during the current period and then allocated to units completed and ending work in process. 53. The weighted average method isolates efficiencies or inefficiencies in each period by using an average cost 54. In the weighted average method, cost per equivalent unit is often calculated separately for materials costs and conversion costs. 55. When using the FIFO method of process costing, the cost per equivalent unit is calculated by current period costs /equivalent units for work performed this period. S FIFO mh out first. 57. Under the FIFO method of process costing, the total manufacturing costs of beginning work in process units will include the prior period costs plus the costs incurred in the current period to complete them. 58. Under the FIFO method of process costing, the total manufacturing costs of units started and completed within a period will be the costs incurred in the current period to complete them less the prior period costs attached to beginning inventory. 59. If manufacturing costs change significantly from period to period weighted average costing will produce the more accurate product cost. 60. The weighted average cost per unit and the FIFO cost per unit will be identical if there is no beginning work in process inventory