An advantage of the weighted-average method is that:
A) it assigns an equal cost to each unit so net income does not fluctuate as much as with other methods.
B) it takes into account the number of units purchased at each amount, not a simple average cost.
C) it matches current selling prices and current costs.
D) Both A and B are correct.
Correct Answer:
Verified
Q47: The inventory method that assumes the recent
Q48: Indicate the account(s) to be debited and
Q49: A disadvantage of the LIFO method is
Q50: Prepare journal entries for the following transactions
Q51: An inventory ledger is not used to
Q53: Prepare journal entries for the following transactions
Q54: Indicate the account(s) to be debited and
Q55: Joe owns an auto parts store called
Q56: The weighted-average method:
A) calculates an average unit
Q57: Journalize the following assuming periodic inventory.
June 20
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