The weighted-average process costing method assigns the cost of the earliest equivalent units available to units completed and transferred out, and the cost of the most recent equivalent units worked on during the period to ending work-in-process inventory.

Question

Quizplus · Accepted Answer

The weighted-average process costing method combines costs from the beginning inventory and current period, averaging them to assign costs to units completed and ending work-in-process, rather than distinguishing between earliest and most recent costs.

The Weighted-Average Process Costing Method Assigns the Cost of the Earliest