If a company uses the weighted average method instead of FIFO, it will still get the same unit costs.

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shahroz gohar · Accepted Answer

Final Answer : False, Explanation :  The weighted average method averages the costs of goods available for sale over the total units available for sale, resulting in a single unit cost applied to all units. FIFO (First-In, First-Out) assigns costs based on the chronological order goods were purchased or manufactured, leading to potentially different unit costs as older, usually cheaper, inventory is sold first.

If a company uses the weighted average method instead of FIFO, it will still get the same unit costs.

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