A major advantage of the weighted average method of inventory costing is that
A)cost flows correspond with the physical flow of merchandise.
B)it is relatively easy to apply.
C)it matches current costs with revenues.
D)recent costs are assigned to the ending inventory balance.

Question

Quizplus · Accepted Answer

The weighted average method of inventory costing is relatively easy to apply, as it simplifies the process of inventory valuation by averaging the costs of goods available for sale and assigning this average cost to both the cost of goods sold and ending inventory.

A Major Advantage of the Weighted Average Method of Inventory