Using the weighted average process costing method,which of the following are included in the calculation of "units accounted for" on the departmental production cost report?
A)Units in beginning WIP Inventory plus units started.
B)Units started plus units in ending WIP Inventory.
C)Units completed and transferred out plus units in ending WIP Inventory.
D)Units in beginning WIP Inventory plus units in ending WIP Inventory.
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

"Units accounted for" includes all units that were either completed and transferred out or still in ending WIP Inventory. Beginning WIP Inventory is already accounted for in the previous period's production cost report, so it is not included in the current period's calculation. Units started are included in both the "units started" and "units completed and transferred out" categories, so they are not counted twice. Therefore, the correct calculation for "units accounted for" is units completed and transferred out plus units in ending WIP Inventory.

Using the Weighted Average Process Costing Method,which of the Following