The weighted average method treats the equivalent output and costs in beginning work-in-process inventories as if they belong to the current period when calculating unit cost.

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Quizplus · Accepted Answer

This statement is true. The weighted average method includes the equivalent units and costs from the beginning work-in-process inventory as part of the current period's calculations, thereby creating a weighted average of costs for the entire period.

The Weighted Average Method Treats the Equivalent Output and Costs