FUNDAMENTALS OF...(LL)-W/ACCESS>IP<
6th Edition
ISBN: 9781265724412
Author: LANEN
Publisher: MCG
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Chapter 8, Problem 23E
Equivalent Units: Weighted-Average
When using the weighted-average method of process costing, total equivalent units produced for a given period equal:
- a. The number of units started and completed during the period plus the number of units in beginning work in process plus the number of units in ending work in process.
- b. The number of units in beginning work in process plus the number of units started during the period plus the number of units remaining in ending work in process times the percentage of work necessary to complete the items.
- c. The number of units in beginning work in process times the percentage of work necessary to complete the items plus the number of units started and completed during the period plus the number of units started this period and remaining in ending work in process times the percentage of work necessary to complete the items.
- d. The number of units transferred out during the period plus the number of units remaining in ending work in process times the percentage of work necessary to complete the items.
- e. None of the above.
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When using the weighted-average method of process costing, total equivalent units produced for a given period equal:
Which of the followubg below is correct and why
1. The number of units started and completed during the period plus the number of units in beginning work in process plus the number of units in ending work in process. 2. The number of units in beginning work in process plus the number of units started during the period plus the number of units remaining in ending work in process times the percentage of work necessary to complete the items. 3. The number of units in beginning work in process times the percentage of work necessary to complete the items plus the number of units started and completed during the period plus the number of units started this period and remaining in ending work in process times the percentage of work necessary to complete the items. 4. The number of units transferred out during the period plus the number of units remaining in ending work in…
In computing the current period’s manufacturing cost per equivalent unit, the FIFO method of process costing considers current period costs
a. Only
b. Plus cost of beginning work in process inventory
c. Less cost of beginning work in process inventory
d. Plus cost of ending work in process inventory
When computing the cost per equivalent unit the weighted-average method of process costing, the cost per equivalent unit is computed by dividing
Chapter 8 Solutions
FUNDAMENTALS OF...(LL)-W/ACCESS>IP<
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