Solution-Which is true about the weighted average method of

Which is true about the weighted average method of process

Reference no: EM132795859

problem 1: Select the incorrect statement regarding equivalent units of production (EUP).

a. Two units 50% complete are equivalent to one unit 100% complete.

b. Except in very rare instances, only one EUP calculation is needed per department.

c. EUP equals the number of whole units of output that could have been produced during a period from the actual effort expended.

d. The objective of EUP calculations is to eliminate the costing problem caused by partially completed units.

problem 2: Which of the following is true about the weighted average method of process costing?

a. The calculation of EUP must take into consideration the units in both beginning and ending inventory.

b. The cost per EUP will include prior period costs if the department had beginning inventory

c. The most common alternative to the weighted average method is the last-in, first-out method

d. The weighted average method refers to a method of determining which units were sold and which units remain in inventory.

Reference no: EM132795859

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Which is true about the weighted average method of process

Reference no: EM132795859

Reference no: EM132795859

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