Question

13. The weighted average method treats the equivalent output and costs in beginning work-in-process inventories as if they belong to the current period when calculating unit cost. 14. Transferred-in goods, must be converted to the units of measure used by the current department. 15. In operation costing, job-order procedures are used to assign direct materials costs and process procedures are used to assign conversion costs.

Answer 1

ans 13 True
weighted average takes both begiining work in process cost and cost
added during the period together in calculation of equiavent cost per unit.
So it can be said that it belongs to current period.
ans 14 True
It is necessary to convert transferred in goods to equivalent units for the current department
ans 15 True
As it’s a mixture of job and process costing so for direct material job costing is used and
for conversion cost process costing is used
If any doubt please comment