Question

Which of the following are needed to compute the cost per equivalent unit for materials under...

Which of the following are needed to compute the cost per equivalent unit for materials under the weighted-average method of process costing?

Material cost assigned to beginning work in process

Material cost added to production during the current period

A)

Yes

Yes

B)

No

Yes

C)

Yes

No

D)

No

No
A.

Material cost assigned to beginning work in process

Material cost added to production during the current period

No

No
B.

Material cost assigned to beginning work in process

Material cost added to production during the current period

No

Yes
C.

Material cost assigned to beginning work in process

Material cost added to production during the current period

Yes

No
D.

Material cost assigned to beginning work in process

Material cost added to production during the current period

Yes

Yes
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Answer #1

Answer :

Material cost assigned to beginning work in process Material cost added to production during the current period
Yes Yes

The cost per equivalent unit for materials under the weighted-average method of process costing needs Material cost assigned to beginning work in process and Material cost added to production during the current period .

Material cost assigned to beginning work in process : YES

Material cost added to production during the current period: YES

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