Edwards Company produces calendars in a one-department process. The following information is available:
The units still in process are 100 percent complete with respect to direct materials and 60 percent complete with respect to conversion costs.
-The weighted-average process-costing method adds the cost of all work done in the current period to the
A) work done in the preceding period on the current period's beginning inventory of work-in-process.
B) the ending inventory of work-in-process.
C) all costs estimated to be incurred in the next department.
D) the work done in the preceding department on the current period's ending inventory of work-in-process.

Question

Edwards Company produces calendars in a one-department process. The following information is available:
  The units still in process are 100 percent complete with respect to direct materials and 60 percent complete with respect to conversion costs.
-The weighted-average process-costing method adds the cost of all work done in the current period to the
A) work done in the preceding period on the current period's beginning inventory of work-in-process. 
B) the ending inventory of work-in-process. 
C) all costs estimated to be incurred in the next department. 
D) the work done in the preceding department on the current period's ending inventory of work-in-process.

Quizplus · Accepted Answer

The weighted-average process-costing method combines the costs of work done in the current period with the costs of work done in the preceding period on the beginning inventory of work-in-process.

Edwards Company Produces Calendars in a One-Department Process