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.

Question

Quizplus · Accepted Answer

The weighted average method of process costing takes into account the units that are completed as well as the units that are still in process at the end of the period. By reconciling the number of physical units, the company can determine the equivalent units of production for the period, which is necessary for calculating the cost per equivalent unit. Therefore, it is important to consider whether the units were completed or still in process at the end of the period.

To Reconcile the Number of Physical Units Using the Weighted