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The FIFO method provides a major advantage over the weighted-average method in that______?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 13DQ

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Question

The FIFO method provides a major advantage over the weighted-average method in that______?

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Answer

The FIFO method provides measurements of work done during the current period .

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