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
D. weighted average conversion cost
Answer: Option C
Solution(By Examveda Team)
Total cost related to work in process inventory is divided by total units of work done is used to calculate weighted average cost.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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