A process costing production report prepared using the weighted-average method is more accurate but generally more costly to prepare than one prepared using the FIFO method.A process costing production report prepared using the weighted-average method is simpler and less costly to prepare.But,a process costing production report prepared using the FIFO method is generally more accurate.

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The statement is the opposite of what is true. A process costing production report prepared using the weighted-average method is generally simpler and less costly to prepare, while one prepared using the FIFO method is more accurate but can be more costly to prepare.

A Process Costing Production Report Prepared Using the Weighted-Average Method