Which one of the following process costing methods combines both current and prior costs in determining cost per equivalent unit?
A)FIFO method.
B)LIFO method.
C)Specific unit method.
D)Weighted-average method.
E)Moving-average method.

Question

Quizplus · Accepted Answer

The weighted-average method combines the costs from the current period with the costs from the prior period in determining the cost per equivalent unit. This method calculates the average cost of all units produced, which is then used to value both the units completed and the units in process at the end of the period. Therefore, option D is the correct answer.

Which One of the Following Process Costing Methods Combines Both