Which of the following methods combines partially completed units in beginning inventory with current period production when computing equivalent units of production?
A)FIFO method
B)LIFO method
C)weighted average method
D)actual cost method

Question

Quizplus · Accepted Answer

The weighted average method combines partially completed units from beginning inventory with units completed during the current period, based on the average cost of production. This method is commonly used in process costing, where units flow continuously through a production process, making it the appropriate choice for this scenario. The FIFO and LIFO methods are used in inventory valuation rather than calculating equivalent units of production. The actual cost method is a cost accounting method that allocates actual costs to products, but does not consider the number of equivalent units produced.

Which of the Following Methods Combines Partially Completed Units in Beginning