To determine how much cost should be assigned to ending Work in Process Inventory:
A)multiply costs per equivalent unit by the number of equivalent units associated with units completed.
B)multiply costs per equivalent unit by the number of equivalent units associated with ending Work in Process Inventory.
C)subtract cost of beginning inventory from current period costs.
D)add cost of beginning inventory and current period costs.

Question

Quizplus · Accepted Answer

To determine the cost of ending Work in Process Inventory, you would need to multiply the cost per equivalent unit by the number of equivalent units associated with ending Work in Process Inventory. This is because ending Work in Process Inventory represents partially completed units that have incurred a portion of the manufacturing costs. Therefore, you need to allocate these costs to these units based on the number of equivalent units in ending Work in Process Inventory.

To Determine How Much Cost Should Be Assigned to Ending