In the computation of the cost per equivalent unit, the weighted-average method
ID: 2349708 • Letter: I
Question
In the computation of the cost per equivalent unit, the weighted-average method of process costing considers all the costs:WHICH IS CORRECTA-entering work in process from the units in beginning inventory plus the costs for the work completed during the current accounting period
B-costs that have entered work in process from the units started or transferred in during the current accounting period
C-that have entered work in process during the current accounting period from the units started or transferred in minus the costs associated with ending inventory
D-that have entered work in process during the current accounting period from the units started or transferred in plus the costs associated with ending inventory
Explanation / Answer
In the computation of the cost per equivalent unit, the weighted-average method of process costing considers all the costs:WHICH IS CORRECT
A-entering work in process from the units in beginning inventory plus the costs for the work completed during the current accounting period ------------CORRECT
B-costs that have entered work in process from the units started or transferred in during the current accounting period
C-that have entered work in process during the current accounting period from the units started or transferred in minus the costs associated with ending inventory
D-that have entered work in process during the current accounting period from the units started or transferred in plus the costs associated with ending inventory