Which method of process costing is almost always used in practice?
A) Weighted average method
B) LIFO method
C) Straight-line method
D) Accelerated method
E) None of these answers is correct.

Question

Quizplus · Accepted Answer

The weighted average method is almost always used in practice for process costing because it simplifies the accounting process by averaging the costs of the inputs over the total units produced, making it suitable for industries with continuous or similar production processes.

Which Method of Process Costing Is Almost Always Used in Practice