Assignment of Costs (Weighted-Average Method) Completed and transferred out: = Total equivalent units completed and transferred out Total costs completed and transferred out Work in process, ending = Total equivalent units in ending work in process Total costs in ending work in process Total costs accounted for Do total costs to account for (accumulated) equal total costs accounted for (assigned)? Assignment of Costs (FIFO) Completed and transferred out: Equivalent units from beginning inventory Costs from beginning inventory + Equivalent units from work done in current period Costs from work done in current period = Total equivalent units completed and transferred out Total costs completed and transferred out Work in process, ending Equivalent units from beginning inventory Costs from beginning inventory + Equivalent units from work done in current period Costs from work done in current period = Total equivalent units in ending work in process Total costs in ending work in process Total costs accounted for Do total costs to account for (accumulated) equal total costs accounted for (assigned)? Total Production Direct Materials Conversion Costs Costs Total Production Direct Materials Conversion Costs Costs