When computing equivalent units of production,what is the method that combines partially completed units in beginning inventory with current-period production?
A)the FIFO method
B)the LIFO method
C)the weighted average method
D)the specific identification method

Question

Quizplus · Accepted Answer

The method that combines partially completed units in beginning inventory with current-period production is the weighted average method. This method takes into account the units in beginning inventory and divides the costs by the total equivalent units of production for the period. This provides a more accurate measure of the total units produced and the costs associated with them. The other methods listed, FIFO, LIFO and specific identification do not combine partially completed units in beginning inventory with current-period production in the same way as the weighted average method.

When Computing Equivalent Units of Production,what Is the Method That