To reconcile the number of physical units using the weighted average method of process costing, one must determine whether the units were:
A) completed or still in process at the end of the period.
B) sold or still in inventory at the end of the period.
C) in the next production process or sold at the end of the period.
D) using direct materials or conversion costs at the end of the perioD.
One must determine whether the units were completed during the period or are still being worked on at the end of the perioD.

Question

Quizplus · Accepted Answer

The weighted average method calculates the average cost of all units in a process, regardless of whether they are completed or still in process at the end of the period. Therefore, the only important factor in reconciling the number of units is whether they were completed during the period or not.

To Reconcile the Number of Physical Units Using the Weighted