Question

XYZ Company uses a weighted-average process costing system. All materials at XYZ are added at the end of the production process. Equivalent units for materials at XYZ would be equal to:

Answer 1

Answer:

Equivalent units for materials at XYZ would be equal to the addition of units in beginning work in process and the units started.

Explanation:

A weighted-average process costing system refers to a process costing system in which expenses are averaged out and applied evenly to both units transferred out and units in ending work in process.

An equivalent unit of production is a measurement of the amount of work done by a manufacturer on partially completed units of output at the end of a fiscal period. In general, fully completed units and partially completed units are expressed as fully completed units.

When a weighted-average process costing system is being used, the equivalent units is obtained as the addition of units in beginning work in process and the units started.

Therefore, equivalent units for materials at XYZ would be equal to the addition of units in beginning work in process and the units started.