Under the weighted-average method, the cost of materials in the beginning work in process stock is not used in the computation of the cost per equivalent unit for materials

Question

Quizplus · Accepted Answer

Under the weighted-average method, the cost of materials in the beginning work in process inventory is combined with the costs of the current period to compute the cost per equivalent unit for materials. This method averages the costs, without distinguishing between work done in the current and previous periods.

Under the Weighted-Average Method, the Cost of Materials in the Beginning