There is no difference in the unit costs computed under the weighted-average and FIFO methods of process costing if there are no ending work in process inventories.

Question

Quizplus · Accepted Answer

If there are no ending work in process inventories, the unit costs computed under the weighted-average and FIFO methods will still differ because FIFO considers only the costs of the current period, while weighted-average includes costs from both the current and previous periods.

There Is No Difference in the Unit Costs Computed Under