Most Process Costing Systems Use Weighted Average Process Costs

Multiple Choice

Most process costing systems use weighted average process costs.Which of the following is a characteristic of weighted average process costs systems?

A) These systems account only for costs incurred during the current period.
B) These systems are not appropriate for environments that involve mass production.
C) The weighted average process cost system is required by GAAP.
D) These systems do not distinguish between the costs from the prior period and costs incurred during the current period.
E) None of the above is a characteristic of weighted average process costs systems.