When using the weighted average method to calculate cost per equivalent unit, the cost is calculated as current period costs / equivalent units for total work.

Question

Quizplus · Accepted Answer

The weighted average method calculates the cost per equivalent unit by adding the costs from the current period to the costs associated with the work in progress at the beginning of the period, and then dividing by the equivalent units for total work done during the period.

When Using the Weighted Average Method to Calculate Cost Per