When computing the cost per equivalent unit, it is necessary to consider the percentage completion of the units in beginning inventory under the weighted-average method.

Question

Quizplus · Accepted Answer

Under the weighted-average method, the costs of the beginning inventory and the costs added during the period are combined and averaged; the percentage completion of the beginning inventory is not separately considered in computing the cost per equivalent unit.

When Computing the Cost Per Equivalent Unit, It Is Necessary