The most popular inventory system that companies use for process costing with beginning inventories is the weighted-average method.

Question

Quizplus · Accepted Answer

The weighted-average method is indeed the most common inventory system used for process costing with beginning inventories. It calculates the average cost of units in inventory, taking into account both beginning and current costs, and is useful when it is difficult to distinguish between beginning and current units.

The Most Popular Inventory System That Companies Use for Process