Weighted Average Method MCQ (Multiple Choice Questions) PDF Download

If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

1. 1800 units
2. 1500 units
3. 1300 units
4. 1500 units

If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be

1. 1800 units
2. 2300 units
3. 10300 units
4. 1500 units

The costing method, which calculates per equivalent unit cost of all the production related work done, till calculated date is termed as

1. weighted average method
2. net present value method
3. Gross production method
4. net present value method

Total cost related to work in process inventory is divided by total units of work done is used to calculate

1. Gross weighted margin
2. weighted average revenue
3. weighted average cost
4. weighted average conversion cost