Which of the following are needed to calculate the total cost of the ending work-in-process inventory under the weighted-average process-costing method?
A)Choice A
B)Choice B
C)Choice C
D)Choice D
E)Choice E

Question

Which of the following are needed to calculate the total cost of the ending work-in-process inventory under the weighted-average process-costing method? 
A)Choice A 
B)Choice B 
C)Choice C 
D)Choice D 
E)Choice E

Quizplus · Accepted Answer

Under the weighted-average process-costing method, we need to know the total cost of work done during the period (i.e. total cost of beginning work-in-process + total cost added during the period) and the equivalent units of production. The equivalent units of production help us allocate the total cost to the units completed and to the ending work-in-process inventory. Therefore, only choice A, which is the equivalent units of production for the ending work-in-process inventory, is needed to calculate the total cost of the ending work-in-process inventory.

Which of the Following Are Needed to Calculate the Total