Which method assigns the same cost to all units whether sold or left in ending inventory?
A) FIFO
B) LIFO
C) Weighted average cost
D) Specific identification

Question

Quizplus · Accepted Answer

Weighted average cost assigns the same cost to all units whether they are sold or left in ending inventory. This is because the cost of all units is averaged together based on the total cost of goods available for sale and the total units available for sale. This method is commonly used in situations where inventory units are not easily distinguishable from each other.

Which Method Assigns the Same Cost to All Units Whether