When calculating unit costs under the weighted-average process-costing method, the unit cost is based on:
A) only the current period's manufacturing costs.
B) only costs in the period's beginning work-in-process inventory.
C) a summation of the costs in the beginning work-in-process inventory plus costs incurred in the current period.
D) only costs incurred in previous accounting periods.
E) a summation of the costs in the beginning work-in-process inventory plus costs to be incurred in the upcoming period.

Question

Quizplus · Accepted Answer

The weighted-average process-costing method calculates unit costs based on the total of the costs in the beginning work-in-process inventory and the costs incurred during the current period, averaging these costs over the units produced.

When Calculating Unit Costs Under the Weighted-Average Process-Costing Method, the Unit