Simplicity is the main advantage of which of the following process costing methods?
A)weighted average
B)LIFO
C)FIFO
D)specific identification

Question

Quizplus · Accepted Answer

The weighted average method is known for its simplicity because it averages the costs of goods, making it easier to calculate the cost of ending inventory and the cost of goods sold without having to track each individual item's cost history.

Simplicity Is the Main Advantage of Which of the Following