Question: When calculating the cost per equivalent unit in process costing, what is the difference between the weighted-average and FIFO methods? A. With FIFO, prior period

When calculating the cost per equivalent unit in process costing, what is the difference between the weighted-average and FIFO methods?

A.

With FIFO, prior period costs are not combined with current period costs.

B.

There is no difference between the two methods.

C.

With weighted-average, prior period costs are not combined with current period costs.

D.

With FIFO, prior period costs are combined with current period costs

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