Question
a process costing system was used for a department that began operations in January 2016 approximately the same number of physical units at the same
a process costing system was used for a department that began operations in January 2016 approximately the same number of physical units at the same degree of completion were in work-in-process at the end of both January and February monthly conversion cost are allocated between ending work-in-process and units completed compared to the FIFO method would the weighted-average method use the same or a greater number of equivalent units to calculate the monthly allocations?
Equivalent units for weighted average compared to FIFO: January: A is Same; B is Greater; C is Greater; D is Same. February: A is Same; B is Same; C is Greater; D is Greater
1. option A 2. option b 3. option C 4. option D
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