The equivalent units in the ending work in process stock will be the same under both the FIFO and the weighted-average methods of process costing.

Name: The equivalent units in the ending work in process stock will be the same under both the FIFO and the weighted-average methods of process costing.
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Question

Quizplus · Accepted Answer

The equivalent units in the ending work in process stock are calculated based on the percentage of completion, which remains the same regardless of whether the FIFO or weighted-average method is used.

The Equivalent Units in the Ending Work in Process Stock