The weighted average cost method of valuing finished production and closing work in progress takes no account of the equivalent units in opening work in progress.

Name: The weighted average cost method of valuing finished production and closing work in progress takes no account of the equivalent units in opening work in progress.
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The weighted average cost method of valuing finished production and closing work in progress takes into account the equivalent units in opening work in progress.

The Weighted Average Cost Method of Valuing Finished Production and Closing