A Process Costing System Was Used for a Department That $\text { Equivalent Units for Weighted Aver age cmnpared to FIFO }$

question 121

Multiple Choice

A process costing system was used for a department that began operations in January 2020. Approximately the same number of physical units, at the same degree of completion, were in work-in-process at the end of both January and February. Monthly conversion costs are allocated between ending work-in-process and units completed. Compared to the FIFO method, would the weighted-average method use the same or a greater number of equivalent units to calculate the monthly allocations? (CPA adapted)
$\text { Equivalent Units for Weighted Aver age cmnpared to FIFO }$

$\begin{array}{l}& \text { January } & \text { February } \\\end{array}$
A. $\begin{array}{l} & \text { Same } &&\text { Same }\\\end{array}$
B. $\begin{array}{l} & \text { Greater } & \text { Same } \\\end{array}$
C. $\begin{array}{l} & \text { Greater } & \text { Greater } \\\end{array}$
D. $\begin{array}{l}& \text { Same } && \text { Greater } \\\end{array}$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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