In the Figure Above, Number 3 Is Pointing to an Error

question 39

True/False

In the figure above, number 3 is pointing to an error bar.

---

Definitions:

Weighted-Average Method

A costing method that averages all costs and applies them to output, typically used in process costing.

Conversion Cost

The aggregate cost of direct labor and manufacturing overhead associated with converting raw materials into finished goods.

Direct Materials

Raw materials that are directly incorporated into a finished product.

Work in Process

Inventory representing partially completed goods, which includes the cost of raw materials, labor, and overhead.