Conversion Costs:
in process costing are usually assumed to be added evenly throughout the process
The purpose of calculating equivalent units is toconvert partially completed units into the amount of completed output units that could bemade with that quantity of input
The weighted average process costing method calculates equivalent units bythe units completed in the current period plus the equivalent units in ending inventory
A major advantage of FIFO is:FIFO provides managers with information about changes in the cost per unit from one period to the nextOn occasion weighted average and FIFO methods of process costing will result in the same dollar amount of costs being transferred to the next department.
What would cause that?
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