Question

T/F and Explain

11) In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs.

12) 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.

13) In calculating cost per equivalent unit under the weighted-average method, prior period costs

14) Miller Corporation manufactures a product for which materials are added at the beginning of the manufacturing process. A review of the company's inventory and cost records for the most recently completed year revealed the following information:

Answer 1

11) In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs---True

Prior period cost and current cost are combined and then divided with total equivalent units to calculated cost per equivalent units.

12) 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.-----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.

question 13 and 14 are incomplete but for 11 and 12 answers are given above.