The weighted-average method:
A) calculates an average unit cost by dividing the total cost of goods sold by the total units sold.
B) calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale.
C) calculates an average unit cost by adding the total cost of goods available for sale to the total units of goods available for sale.
D) None of these answers are correct.
Correct Answer:
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Q26: Paid for merchandise after the discount period
Q48: Sold merchandise on account.- Perpetual
Debit _ &
Q52: Given the following accounts:
[1] Cash
[2] Accounts receivable
[3] Merchandise inventory
[4] Supplies
[5] Accounts payable
[6] Sales
[7] Sales
Q53: Given the following accounts:
[1] Cash
[2] Accounts receivable
[3] Merchandise inventory
[4] Supplies
[5] Accounts
Q54: This method assumes that the most recently
Q56: One advantage of the LIFO method is
Q58: The inventory method that matches old costs
Q60: An entry to record the payment to
Q62: Which of the following goods should Pin
Q80: Goods on consignment to another company:
A)belong to
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