The FIFO method of process costing is simpler than the average cost method.

Name: The FIFO method of process costing is simpler than the average cost method.
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The FIFO (First-In, First-Out) method of process costing is more complex because it requires tracking the costs of the earliest units separately from the costs of units produced later, whereas the average cost method combines all units and averages the costs.

The FIFO Method of Process Costing Is Simpler Than the Average