To reconcile the number of physical units using the weighted average method of process costing,one must determine whether the units were:
A)in process at the beginning of the period or were completed at the beginning of the period.
B)in process at the beginning of the current period or in process at the beginning of the previous period.
C)in process at the beginning of the period or were sold at the beginning of the period.
D)in process at the beginning of the period or were started during the period.

Question

Quizplus · Accepted Answer

The weighted average method of process costing combines the cost of beginning inventory and current production to obtain the average cost per unit. Therefore, to reconcile the number of physical units, we need to determine the units that were in process at the beginning of the period and the units that were started during the period, which is the option D. Options A, B, and C are irrelevant to reconciling the number of physical units using the weighted average method.

To Reconcile the Number of Physical Units Using the Weighted