After the cost per equivalent unit is calculated, costs can be assigned to
A)ending Work in Process inventory and the units completed and transferred out of the department.
B)beginning Work in Process inventory and ending Work in Process inventory.
C)beginning Work in Process inventory and the units started this period.
D)units started this period and units completed and transferred out this period.

Question

Quizplus · Accepted Answer

The cost per equivalent unit is used to assign costs to both ending Work in Process inventory and the units completed and transferred out of the department. Beginning Work in Process inventory is already accounted for in the previous period's calculations and units started this period will be accounted for in the next period's calculations. Therefore, the best choice is A.

After the Cost Per Equivalent Unit Is Calculated, Costs Can