The given statement "the ending work-in-process inventory value computed using first-in, first-out (fifo) will be the same as the ending value computed using weighted-average process costing" is false.
"First-in, first-out is a method used in accounting in which the assets purchased first must be disposed off first and it is considerable that the inventory remain is the inventory which was purchased last."
"Weighted-average process costing is the process in which an individual divides the cost of the goods available for sale with the number of inventory (goods) on shelf."
As we discuss the meaning of both the process, it is considerable that the given statement is false because the values are not same.
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