The weighted average costing method assumes that units in beginning inventory are the first units transferred.

Name: The weighted average costing method assumes that units in beginning inventory are the first units transferred.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The weighted average costing method averages the costs of the goods available for sale (beginning inventory plus purchases) and does not assume a specific sequence in which units are transferred out or sold.

The Weighted Average Costing Method Assumes That Units in Beginning