What Is The Difference Between Wghtage Method And FIFO Method?
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Weighted average method is the quantity schedule that includes all units that are transferred in a single figure. while the FIFO method is the quantity schedule that separates the units transferred out in two parts.
Secondly, weighted average compute equivalent units in the beginning inventory then are treated as they are computed during the current period. On the other hand in FIFO the equivalent units are computed with the beginning units included in it.
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Weighted average method is the quantity schedule that includes all units that are transferred in a single figure. while the FIFO method is the quantity schedule that separates the units transferred out in two parts.
Secondly, weighted average compute equivalent units in the beginning inventory then are treated as they are computed during the current period. On the other hand in FIFO the equivalent units are computed with the beginning units included in it.
click here to have more information: schedules
Have fun on blurtit!
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