In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs.
True or False?

The Weighted Average is a method for averaging several pieces of data with unequal importance or consequence. In a Weighted Average each point of data is assigned a corresponding weight multiplier that can be determined by many values including importance, scarcity, difficulty, and quantity.

When it comes to accounting, the Weighted Average can be used to combine costs from the current and the previous period.

In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs. True or False?

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In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs.
True or False?