The method that combines the cost of beginning inventory and the current costs of the period is the

Question

Quizplus · Accepted Answer

The average method of process costing combines the cost of beginning inventory and the current costs of the period by taking the total cost of beginning inventory and dividing by the total equivalent units of production to determine the cost per unit. This cost per unit is then used to calculate the cost of the current period's production, which is added to the cost of beginning inventory to get the total cost of goods available for sale. Dividing this total cost by the total equivalent units of production yields the cost per unit for the period.

The Method That Combines the Cost of Beginning Inventory and the Current