The Weighted-Average Process-Costing Method Calculates the Equivalent Units By

question 8

Multiple Choice

The weighted-average process-costing method calculates the equivalent units by:

• A)the units started during the current period plus the units in ending inventory.
• B)the equivalent units completed during the current period plus the equivalent units in ending inventory.
• C)considering only the work done during the current period.
• D)the units started during the current period minus the units in ending inventory

---

Definitions:

Market Value

The present cost at which a product or service is available for purchase or sale in the marketplace.

Reacquired Stock

Stock that has been repurchased by the issuing company from shareholders.

Common Stock

Shares representing ownership in a corporation, giving holders voting rights and a claim on a portion of the company's profits through dividends.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often including fixed dividends.