Under the weighted average method of process costing,which of the following formulas is used to calculate the cost per equivalent unit?
A)(Ending Inventory + Current Costs)/Physical Units
B)(Beginning Inventory + Current Costs)/Physical Units
C)(Ending Inventory + Current Costs)/Equivalent Units
D)(Beginning Inventory + Current Costs)/Equivalent Units

Question

Quizplus · Accepted Answer

The weighted average method of process costing calculates the cost per equivalent unit by adding the costs of the beginning inventory and the costs incurred during the current period, then dividing by the equivalent units of production. This method blends together the costs of the beginning inventory and the costs added during the period to find an average cost per unit.

Under the Weighted Average Method of Process Costing,which of the Following