In a production cost report,________ includes the number of units completed and transferred out of a process and the number of units remaining in ending WIP.The weighted-average method is used.
A) total units estimated for
B) total units budgeted for
C) total units accounted for
D) total units to account for

Question

Quizplus · Accepted Answer

In a production cost report, total units accounted for includes both the units completed and transferred out of the process and the units remaining in ending WIP. The weighted-average method is used to calculate the total units accounted for. The other options are not relevant to the production cost report or are not calculated using the weighted-average method.

In a Production Cost Report,________ Includes the Number of Units