When computing the cost per equivalent unit, the weighted-average method of process costing considers:
A: costs incurred during the current period only.
B: costs incurred during the current period plus cost of ending work in process inventory.
C: costs incurred during the current period plus cost of beginning work in process inventory.
D: costs incurred during the current period less cost of beginning work in process inventory.
A: costs incurred during the current period only.
B: costs incurred during the current period plus cost of ending work in process inventory.
C: costs incurred during the current period plus cost of beginning work in process inventory.
D: costs incurred during the current period less cost of beginning work in process inventory.
举一反三
- The cost reconciliation report has two sections: “Costs to be accounted for” followed by “Costs accounted for”. The “Costs accounted for” portion of the cost reconciliation report includes the cost of beginning work in process inventory and the cost of units transferred out.
- Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.
- When products are completed, A: Finished Goods Inventory is credited. B: Work in Process Inventory is credited. C: Cost of Goods Sold is debited. D: Work in Process Inventory is debited.
- In a job-order costing system, manufacturing overhead applied is recorded as a debit to: A: Raw Materials inventory. B: Finished Goods inventory. C: Work in Process inventory. D: Cost of Goods Sold.
- 2. Direct costs are A: Costs which can be identified with a cost center but not identified to a single cost unit B: Costs which can be economically identified with a single cost unit C: Costs which can be identified with a single cost unit, but it is not economic to do so D: Costs incurred as a direct result of a particular decision.