Which of the Following Is an Inventory Valuation Method

question 75

Multiple Choice

Which of the following is an inventory valuation method?

• A) Specific identification
• B) Average-cost
• C) Lower-of-cost-or-market
• D) Periodic

---

Definitions:

Weighted Mean

The mean of a data set that accounts for the importance or weight of each value.

Population Parameter

A numerical value that describes a characteristic of an entire population, such as its mean or standard deviation.

Sample Statistic

A numerical measure that describes some characteristic of a sample, such as the sample mean or sample standard deviation.

50th Percentile

Also known as the median, it is the value below which 50% of the observations in a group of data fall.