When calculating equivalent units using the weighted average method, the number of equivalent units of activity is calculated without making a distinction as to whether the activity occurred in the current accounting period or the preceding period.

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In the weighted average method, all work done to date (regardless of the period in which it was completed) is averaged together to calculate equivalent units, without distinguishing between work done in the current period versus a previous period.

When Calculating Equivalent Units Using the Weighted Average Method, the Number