The Balance in the Supplies Account on the Adjusted Trial

question 74

Multiple Choice

The balance in the Supplies account on the adjusted trial balance:

• A)is generally equal to the balance on the unadjusted trial balance.
• B)is generally greater than the balance on the unadjusted trial balance.
• C)is generally less than the balance on the unadjusted trial balance.
• D)has no relationship to the balance on the unadjusted trial balance.

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Definitions:

Weighted-Average Method

An inventory costing method that assigns an average cost to each unit of inventory, based on the weight of its cost in total inventory.