In the computation of manufacturing cost per equivalent unit, the weighted-average method of process costing considers:
A)Current costs only.
B)Current costs less cost of ending work-in-process inventory.
C)Current costs plus cost of beginning work-in-process inventory.
D)Current costs plus cost of ending work-in-process inventory.
E)Current costs less cost of beginning work-in-process inventory.

Question

Quizplus · Accepted Answer

The weighted-average method of process costing considers both the current costs incurred during the period and the costs associated with the beginning work-in-process inventory to compute the manufacturing cost per equivalent unit.

In the Computation of Manufacturing Cost Per Equivalent Unit, the Weighted-Average