Weighted-average method of process costing
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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.
