For units still in process, when using the weighted average method multiply the physical units by the percentage completion and add this amount to the units completed to obtain total equivalent units for the period.

Question

Quizplus · Accepted Answer

This statement is correct. The weighted average method takes into account the percentage completion of units still in process by multiplying physical units by their percentage of completion before adding them to completed units to obtain total equivalent units.

For Units Still in Process, When Using the Weighted Average