A major advantage of using the FIFO process-costing method is that:
A)FIFO makes the unit cost calculations simpler
B)in contrast with the weighted-average method, FIFO is considered GAAP
C)FIFO provides managers with information about changes in the costs per unit from one period to the next
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

FIFO provides detailed information about cost changes over time, which helps managers analyze cost trends and make informed decisions.

A Major Advantage of Using the FIFO Process-Costing Method Is