To reconcile the number of physical units using the weighted average method of process costing,one must determine whether the units were:
A)completed or still in process at the end of the period.
B)sold or still in inventory at the end of the period.
C)in the next production process or sold at the end of the period.
D)using direct materials or conversion costs at the end of the perioD.One must determine whether the units were completed during the period or are still being worked on at the end of the period.

Question

Quizplus · Accepted Answer

To reconcile the number of physical units using the weighted average method of process costing, one must determine whether the units were completed during the period or are still being worked on at the end of the period. This is because the weighted average method considers the equivalent units of production for both the completed and partially completed units. Units that are still in process at the end of the period must be included in the calculation of equivalent units to accurately determine the total number of units produced. Therefore, choice A is the best answer.

To Reconcile the Number of Physical Units Using the Weighted