Question: What is the primary advantage of using the FIFO method instead of the weighted-average method for process costing? Multiple Choice Total production costs will appear

What is the primary advantage of using the FIFO method instead of the weighted-average method for process costing? Multiple Choice Total production costs will appear lower in all economic states using FIFO. Changes in production costs between periods are more apparent using FIFO. Total taxes are lower in all economic states using FIFO. The FIFO method is the only method that complies with GAAP

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