Which of the Following Does Not Correctly Describe the Weighted

question 8

Multiple Choice

Which of the following does not correctly describe the weighted average costing method?

• A)This method prices items in inventory on the basis of the average cost of beginning inventory.
• B)This method prices items in inventory on the basis of the average cost of goods available for sale during the period.
• C)This method takes into account that the volumes of goods acquired at each price are different.
• D)None of these

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