In the weighted-average inventory costing method,when using the periodic inventory system,a single weighted average cost per using is computed for the entire period.

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Quizplus · Accepted Answer

This is true. The weighted-average method calculates a single inventory cost by dividing the total cost of goods available for sale in the period by the total units available. This cost is then used to value both ending inventory and cost of goods sold for the period.

In the Weighted-Average Inventory Costing Method,when Using the Periodic Inventory