The Weighted-Average Method of Process Costing Differs from the First-In

question 360

Multiple Choice

The weighted-average method of process costing differs from the first-in, first-out method of process costing in that the weighted-average method:

• A) does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.
• B) considers ending work in process inventory to be fully complete.
• C) will always yield a higher cost per equivalent unit.
• D) All of the choices are correct.

---

Definitions:

Distribution

The way in which something is shared or spread out over a range, often referring to the distribution of values in a set of data.

Frequency Polygon

A graphical representation of the distribution of a dataset. It shows the frequencies of classes or intervals of data as points, which are connected by line segments.

Class Interval

A range of values used in the grouping of a set of data points in a frequency distribution.

Class Interval

A range of values in a dataset that are divided into continuous segments for the purpose of frequency distribution analysis.