The weighted-average method of process costing makes no distinction between the cost incurred prior to the current period and the cost incurred in:
A)A future period.
B)The current period.
C)Either a future period or the current period.
D)Both a future period and the current period.
E)The operational process.

Question

Quizplus · Accepted Answer

The weighted-average method of process costing assumes that all costs, whether incurred in a prior period or in the current period, are mixed together and treated as if they were incurred in the current period. This allows for a more efficient calculation of the cost per unit produced during the current period. Therefore, the method makes no distinction between the cost incurred prior to the current period and the cost incurred in the current period.

The Weighted-Average Method of Process Costing Makes No Distinction Between