$14$

$$TB MC Qu$.4-10($Static$)$ Which of the following is true...

Which of the following is true regarding the weighted$-$average method of process costing?

Multiple Choice

It calculates unit costs by combining costs and outputs from the current and prior periods.

It calculates unit costs by combining the manufacturing and nonmanufacturing costs incurred in specific departments.

It excludes equivalent units of production from the unit cost calculations.