Cost per Equivalent unit under Weighted Average: In Process costing , the third step is the computation of cost per equivalent unit for each element of cost. The cost per equivalent unit is computed by dividing the total cost of each element by equivalent unit of respective element. Under weighted average method, the total cost for each element is computed by summing up the respective element cost included in beginning in process inventory and incurred during the current period. TheCost per equivalent unit of conversion cost under weighted average method.

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Chapter 20, Problem 7QS

To determine

Cost per Equivalent unit under Weighted Average:

In Process costing, the third step is the computation of cost per equivalent unit for each element of cost. The cost per equivalent unit is computed by dividing the total cost of each element by equivalent unit of respective element.
Under weighted average method, the total cost for each element is computed by summing up the respective element cost included in beginning in process inventory and incurred during the current period.

TheCost per equivalent unit of conversion cost under weighted average method.

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