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Which is not a characteristic ofthe fifo method

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Problem 1: Which of the following is not a characteristic ofthe FIFO method?

Option 1: simple and less detailed than the weighted-average method

Option 2: can be used to assess cost control even when inventory levels are substantial

Option 3: separates beginning work in process inventory from the current period's units and costs

Option 4: cost per equivalent unit is specific to the current period

Reference no: EM132614995

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