Weighted-average method of process costing

Weighted-average method of process costing is a process costing method that combines any beginning inventory units (and costs) with the current period's units (and costs) to get a weighted-average cost.

Definitions

According to Managerial Accounting by Braun, Tietz (5th edition),

Weighted-average method of process costing. A process costing method that combines any beginning inventory units (and costs) with the current period's units (and costs) to get a weighted-average cost.