Equivalent units for a process costing system using the weighted-average method would be equal to:?
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units completed during the period and transferred out. units completed during the period plus equivalent units in the ending work in process inventory. units started and completed during the period plus equivalent units in the ending work in process inventory. units completed during the period less equivalent units in the beginning inventory, plus equivalent units in the ending work in process inventory.
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Answer:
Units Completed & Transferred Out plus EU in Ending Inventory. And units transferred out will of course include units in Beginning Inventory. Under FIFO however, units in BB are treated separately.
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