Under the weighted-average method of process costing, costs from the prior period are averaged with those of the current period in computing unit costs.

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Quizplus · Accepted Answer

The statement is true. The weighted-average method of process costing involves averaging the costs from the prior period with those of the current period to compute the unit costs. This method is commonly used in process industries where the cost of production is accumulated over a long period of time.

Under the Weighted-Average Method of Process Costing, Costs from the Prior