ECONOMICS

Detailed explanation-1: -The weighted average costing method combines the partially completed units in beginning work-in-process inventory with units produced in the current period to determine a weighted average equivalent units of production.

Detailed explanation-2: -Parallel processing requires that units pass through one process before they can be worked on in the next process.

Detailed explanation-3: -Understanding the cost of partially completed goods allows the manufacturer to: measure production activity for the period (Reason: Understanding the cost of partially completed goods allows the manufacturer to measure the production activity for the period.)

Detailed explanation-4: -Terms in this set (25) Which of the following is true of parallel processing? A. In parallel processing, a large number of heterogeneous products pass through an identical set of processes.