To calculate cost per equivalent unit in process costing,divide total manufacturing costs by the total number of equivalent units.Under the weighted average method,what costs are reflected in total manufacturing costs?
A)Only current period costs
B)Only prior period costs
C)Both current and prior period costs
D)Both current and future period costs

Question

Quizplus · Accepted Answer

Under the weighted average method, current period costs as well as prior period costs are included in the total manufacturing costs. This is because the method takes into account the costs and output of the current period as well as the costs and output carried over from the previous period. Therefore, both current and prior period costs are reflected in total manufacturing costs used to calculate cost per equivalent unit.

To Calculate Cost Per Equivalent Unit in Process Costing,divide Total