A Major Advantage of the Weighted Average Method of Inventory

question 11

Multiple Choice

A major advantage of the weighted average method of inventory costing is that

• A) Cost flows correspond with the physical flow of merchandise.
• B) Recent costs are assigned to the ending inventory balance.
• C) It is relatively easy to apply.
• D) It matches current costs with revenues.

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Definitions:

Element

A pure chemical substance consisting of one type of atom distinguished by its atomic number.

Nucleus

The central and most important part of an atom, containing protons and neutrons and almost all of its mass.

Matter

Anything that occupies space and has mass, composed of atoms or molecules and is the substance that makes up the physical universe.

States

Different forms in which matter can exist, typically observed as solid, liquid, gas, and plasma.