Which inventory cost flow method assigns the same cost to all units whether sold or left in ending inventory?

Question

Quizplus · Accepted Answer

The weighted average cost method assigns the same cost to all units whether sold or left in ending inventory. Specific identification assigns actual costs to specific units, FIFO assumes that the first units purchased are sold first and LIFO assumes that the last units purchased are sold first. Alternative inventory cost flow assumptions can have a significant impact on the amount of net income reported.

Which Inventory Cost Flow Method Assigns the Same Cost to All