Which of the following is true of the calculation of the cost per good unit (a unit that is completed and transferred out) under the weighted-average process costing method?
◦ the equivalent units in the denominator include goods completed and transferred out and all units that were spoiled
◦ the numerator only includes the materials and conversion costs of good units and excludes the costs of spoiled units
◦ the equivalent units in the denominator include goods completed and transferred out and excludes the units that were spoiled
◦ the calculation is total costs transferred out divided by the good units that were transferred out