Which of the following inventory costing procedures requires a physical count of merchandise a minimum of once a year at yearend?

Name: Which of the following inventory costing procedures requires a physical count of merchandise a minimum of once a year at yearend?
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

The average cost method requires a physical count of inventory at least once a year to determine the actual quantity of goods on hand, which is necessary to calculate the average cost per unit accurately.

Which of the Following Inventory Costing Procedures Requires a Physical