In general,weighted-average costing is simpler to use while first-in,first-out (FIFO)costing provides greater decision-making benefits to managers.

Question

Quizplus · Accepted Answer

Weighted-average costing is simpler because it averages out costs over a period, while FIFO provides more detailed cost information by tracking the cost of older inventory separately, aiding in decision-making.

In General,weighted-Average Costing Is Simpler to Use While First-In,first-Out (FIFO)costing