The material cost per equivalent unit using the weighted average method is calculated as
A)total material costs to account for/equivalent units for materials.
B)material costs added during the period/equivalent units for materials.
C)total material costs to account for/number of partially completed units for materials.
D)material costs added during the period/number of partially completed units for materials.

Question

Quizplus · Accepted Answer

The weighted average method calculates the material cost per equivalent unit by dividing the total material costs to account for by the equivalent units for materials. This approach averages the costs over all units, both completed and in progress.

The Material Cost Per Equivalent Unit Using the Weighted Average