Vidyalelo
Commerce · Q696

Costing

Graduate and Post Graduate · Commerce · question 696

Q696

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

A.
Gross weighted margin
B.
weighted average revenue
C.
weighted average cost
Answer
D.
weighted average conversion cost

Answer: Option C

Solution

Answer: Option C
Solution:
Total cost related to work in process inventory is divided by total units of work done is used to calculate weighted average cost.