Beginning Work in Process is added to units completed and transferred out to determine equivalent units of production under the weighted-average method.

Name: Beginning Work in Process is added to units completed and transferred out to determine equivalent units of production under the weighted-average method.
Brand: Quizplus
Rating: 4.8 (29 reviews)

Question

Quizplus · Accepted Answer

Under the weighted-average method, equivalent units of production are calculated by adding units completed and transferred out to the ending work in process, not the beginning work in process.

Beginning Work in Process Is Added to Units Completed and Transferred