Which method requires the unit cost is calculated by dividing the total cost of goods available for sale by the total number of units available for sale?

Question

Quizplus · Accepted Answer

The method described is the weighted average method. This method takes into account both the cost and quantity of goods available for sale, resulting in a weighted average cost per unit. This method is particularly useful when inventory consists of a large number of similar items with similar costs.

Which Method Requires the Unit Cost Is Calculated by Dividing