Under the Weighted-Average Method, How Would You Calculate the Cost

question 17

Multiple Choice

Under the weighted-average method, how would you calculate the cost per equivalent units with regards to conversion costs?

• A) conversion costs for work done in the current period/units completed and transferred out in the current period
• B) (total conversion costs in beginning work in process)/(units completed and transferred out during the period + equivalent units in ending inventory)
• C) (total conversion costs in beginning work in process + conversion cost for work done in the current period)/(units completed and transferred out during the period + equivalent units in ending inventory)
• D) (total direct labor costs in beginning work in process + conversion cost for work done in the current period)/(units completed and transferred out during the period + equivalent units in ending inventory)

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Definitions:

Need

A requirement essential for an organism's survival, growth, and well-being.

Self-actualization

A concept in psychology representing the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Maslow

Abraham Maslow was an American psychologist who created the hierarchy of needs, a theory in psychology proposing that human actions are motivated by the fulfilment of needs ranging from the most basic physiological to self-actualization.

Belongingness

Belongingness is the human emotional need to be an accepted member of a group, whether it is family, friends, co-workers, or a larger organization.