Which of the Following Statements About the Weighted-Average Cost Formula

question 10

Multiple Choice

Which of the following statements about the weighted-average cost formula is true?

• A) If prices are rising, companies prefer it because it lowers their tax liability.
• B) It is the most popular method in Canada.
• C) In times of rising prices, weighted-average will produce a higher net income than FIFO.
• D) In time of rising prices, weighted-average produces an inventory cost per unit that is higher than the cost per unit of cost of goods sold.

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