Costs in beginning inventory are pooled with costs in the current period when determining the costs of good units under the weighted-average method of process costing.

Question

Quizplus · Accepted Answer

The pooled costs of beginning inventory and costs incurred in the current period are divided by the number of equivalent units produced to arrive at an average cost per unit under the weighted-average method of process costing.

Costs in Beginning Inventory Are Pooled with Costs in the Current