The beginning inventory costs and the product costs of the current period are combined to determine the average cost of equivalent units of production under the ________.
A) equivalent units method
B) conversion costs method
C) first-in, first-out method
D) weighted-average method

Question

Quizplus · Accepted Answer

The weighted-average method combines the beginning inventory costs with the product costs of the current period to determine the average cost per unit. This method is commonly used in process costing systems.

The Beginning Inventory Costs and the Product Costs of the Current