Estimating the degree of completion of ending work in process requires:
A) judgement and ethical behavior
B) The degree of completion of beginning work in process
C) adjusting the degree of completion of completed units
D) use of the weighted average method

Question

Quizplus · Accepted Answer

Estimating the degree of completion of ending work in process involves judgment to assess the extent of work done and ethical behavior to ensure that the estimation is done honestly and accurately. It does not necessarily require knowledge of the beginning work in process, adjustments to completed units, or the use of the weighted average method, although these might be part of broader accounting practices.

Estimating the Degree of Completion of Ending Work in Process