Under the Weighted-Average Method, the Cost Per Unit Is Determined

question 143

Multiple Choice

Under the weighted-average method, the cost per unit is determined by:

• A)dividing the cost of goods available for sale by the number of units available.
• B)dividing the cost of goods available for sale by the number of units in beginning inventory.
• C)multiplying the number of units purchased with the weighted-average cost.
• D)multiplying the cost of goods available for sale by the ending weighted-average price of previous accounting period.

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Definitions:

Centralization

The concentration of control, authority, or decision-making power in a central group or location, often at the higher levels of an organization or government.

Privatization

The transfer of ownership of property or businesses from the government to private individuals or organizations.

Deregulating Labor Law

The process of reducing government rules controlling how businesses can manage workers, aimed at making labor markets more flexible.

Unionization

The act or process of forming or joining a labor union, where workers unite to negotiate with employers over wages, hours, benefits, and other working conditions.