Under weighted-average process costing, the unit costs used for applying costs to products are affected by the total costs incurred to date, regardless of whether those costs were incurred during or before the current period.

Question

Quizplus · Accepted Answer

Under weighted-average process costing, the unit costs are calculated by dividing the total costs incurred to date by the total units produced to date. Therefore, the costs incurred before and during the current period are taken into account when calculating the unit costs used for applying costs to products.

Under Weighted-Average Process Costing, the Unit Costs Used for Applying