Question

When computing the cost per equivalent unit, the weighted-average method of process costing considers: A) costs incurred during the current period only. B) costs incurred during the current period plus cost of ending work in process inventory. C) costs incurred during the current period plus cost of beginning work in process inventory. D) costs incurred during the current period less cost of beginning work in process inventory.

Answer 1

Answer: When computing the cost per equivalent unit, the weighted-average method of process costing considers: C) costs incurred during the current period plus cost of beginning work in process inventory.

Explanation: This is because the weighted-average method takes into account the costs of the previous period and the costs of the current period.