Under the average-cost method,costs are matched with individual sale items.

Name: Under the average-cost method,costs are matched with individual sale items.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Under the average-cost method, costs are calculated by dividing the total cost of goods available for sale by the total number of units available for sale, resulting in a cost per unit. This cost per unit is then used to assign costs to the items sold or remaining in inventory, rather than matching costs with individual sale items.

Under the Average-Cost Method,costs Are Matched with Individual Sale Items