Any difference in the equivalent units calculated under the weighted-average and the FIFO methods is due to the units in the beginning work in process inventory.

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Quizplus · Accepted Answer

The difference in the equivalent units calculated under the weighted-average and FIFO methods is due to the allocation of the units in the beginning work in process inventory. This is because the weighted-average method blends the costs and units from both the beginning and current periods, whereas the FIFO method assumes that the units in the beginning inventory were completed first and only considers the current period's units and costs. Therefore, any difference in equivalent units between the two methods is due to the assumption made about the units in the beginning inventory.

Any Difference in the Equivalent Units Calculated Under the Weighted-Average