Calculating equivalent units in a weighted average method:

Related MCQs

• In order to compute equivalent units of production using the Weighted Average method of process costing, the following equation should be used:
• If beginning work in process is 2,000 units, ending work in process is 1,000 units, and the units accounted for equals 5,000 units, what are the units completed and transferred out?
• Which of the following method is suitable for calculating the cost of inventory when actual costs of individual units of merchandise can be determined from the accounting records?
• In process costing system, when partially completed units are expressed in terms of fully completed units they are known as
• The average inventory costing method which results in a changed unit inventory cost after each successive purchase?
• A section of the cost of production report which shows the physical flow of units through various producing departments is usually labeled as
• Which one of the following methods for inventory valuation may be misleading when the units are identical?
• In LIFO method of inventory valuation?
• The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be?
• In FIFO method of inventory valuation?