Any difference in the equivalent units calculated under the weighted-average and the FIFO methods is due to the units in the ending work in process inventory.

Question

Quizplus · Accepted Answer

The difference in equivalent units between the weighted-average and FIFO methods is primarily due to how each method treats the units in the beginning work in process inventory, not the ending work in process inventory. The weighted-average method combines the beginning inventory and current period work, while FIFO focuses only on the current period's work.

Any Difference in the Equivalent Units Calculated Under the Weighted-Average