Under the weighted-average method, the cost of ending work in process inventory is determined by dividing the equivalent units of production for ending inventory by the cost per equivalent unit for each cost category and then summing the result.

True or False?

Question

Cristopher Mcgee

Mathematics

2 January, 12:06

Under the weighted-average method, the cost of ending work in process inventory is determined by dividing the equivalent units of production for ending inventory by the cost per equivalent unit for each cost category and then summing the result.

True or False?

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Answers (1)

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Zayne Compton · Answer 1

False

Step-by-step explanation:

False, Under the weighted-average method the cost of ending work in process inventory is determined by multiplying the equivalent units of production for ending inventory by the cost per equivalent unit for each cost category and then summing the result. Hence the given statement is false.

Under the weighted-average method, the cost of ending work in process inventory is determined by dividing the equivalent units of production for ending inventory by the cost per equivalent unit for each cost category and then summing the result.True or False?

Under the weighted-average method, the cost of ending work in process inventory is determined by dividing the equivalent units of production for ending inventory by the cost per equivalent unit for each cost category and then summing the result.

True or False?