A process costing system was used for a department that began operations in January 2005. Approximately the same number of physical units, at the same degree of completion, were in work in process at the end of both January and February. Monthly conversion costs are allocated between ending work in process and units completed. Compared to the FIFO method, would the weighted-average method use the same or a greater number of equivalent units to calculate the monthly allocations?

Equivalent units for weighted-average compared to FIFO

January

February

a.

Same

Same

b.

Greater number

Greater number

c.

Greater number

Same

d.

Same

Greater number