Equivalent units for a process costing system using the weighted-average method would be equal to:
A)units completed during the period and transferred out.
B)units started and completed during the period plus equivalent units in the ending work in process inventory.
C)units completed during the period less equivalent units in the beginning inventory,plus equivalent units in the ending work in process inventory.
D)units completed during the period plus equivalent units in the ending work in process inventory.

Question

Quizplus · Accepted Answer

The weighted-average method calculates equivalent units by adding the units completed and transferred out during the period to the equivalent units in the ending work in process inventory.

Equivalent Units for a Process Costing System Using the Weighted-Average