When there is beginning work-in-process inventory and process costing,the weighted-average method of inventory costing must be used.

Name: When there is beginning work-in-process inventory and process costing,the weighted-average method of inventory costing must be used.
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Quizplus · Accepted Answer

The weighted-average method is one option for inventory costing in process costing systems, but companies can also use the FIFO (First-In, First-Out) method, even when there is beginning work-in-process inventory.

When There Is Beginning Work-In-Process Inventory and Process Costing,the Weighted-Average