Which of the following process costing methods is simpler to use?
A)weighted average
B)LIFO
C)FIFO
D)specific identification

Question

Quizplus · Accepted Answer

The weighted average method is simpler to use in process costing because it averages the costs of the inputs over the total units produced, without needing to track the specific sequence of production or the specific costs tied to individual batches as required in LIFO, FIFO, or specific identification methods.

Which of the Following Process Costing Methods Is Simpler to Use