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14. Beginning WIP is 43% complete, and ending WIP is 10% complete as to conversion costs. company uses weighted-average, the total equivalent units for materials will equal: a. EU to complete beginning inventory. b. Units started into the c. Units started into the process this period plus units in beginning inventory. If a Materials are added at the beginning of the process. process this period. d. Units transferred out.

14. Beginning WIP is 43% complete, and ending WIP is 10% complete as to conversion costs. company uses weighted-average, the total equivalent units for materials will equal: a. EU to complete beginning inventory. b. Units started into the c. Units started into the process this period plus units in beginning inventory. If a Materials are added at the beginning of the process. process this period. d. Units transferred out.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter6: Process Costing
Section: Chapter Questions
Problem 46E: Weighted Average Method, Unit Costs, Valuing Inventories Byford Inc. produces a product that passes...
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14. Beginning WIP is 45% complete, and ending WIP is 10% complete as to conversion costs. Materials are added at the beginning of the process. If a company uses weighted-average, the total equivalent units for materials will equal: a. EU to complete beginning inventory. b. Units started into the process this period. c. Units started into the process this period plus units in beginning inventory. d. Units transferred out. 15. In comparing the FIFO and weighted average methods for calculating equivalent units. a.. The FIFO method tends to smooth out costs more over time than weighted average method. b.. The weighted average method is more precise than the FIFO mehod because the weighted average method is based only on the work,completed in the current period. c.. The two methods will give similar results even if physical inventory levels and production costs (materials and conversion costs) fluctuate greatl from period to period. d.. The FIFO method is better than the weighted average method for judging the performance in a period independently from performance in preceding рeriods.
Transcribed Image Text:14. Beginning WIP is 45% complete, and ending WIP is 10% complete as to conversion costs. Materials are added at the beginning of the process. If a company uses weighted-average, the total equivalent units for materials will equal: a. EU to complete beginning inventory. b. Units started into the process this period. c. Units started into the process this period plus units in beginning inventory. d. Units transferred out. 15. In comparing the FIFO and weighted average methods for calculating equivalent units. a.. The FIFO method tends to smooth out costs more over time than weighted average method. b.. The weighted average method is more precise than the FIFO mehod because the weighted average method is based only on the work,completed in the current period. c.. The two methods will give similar results even if physical inventory levels and production costs (materials and conversion costs) fluctuate greatl from period to period. d.. The FIFO method is better than the weighted average method for judging the performance in a period independently from performance in preceding рeriods.
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