Which of the Following Does NOT Correctly Describe the Weighted

question 117

Multiple Choice

Which of the following does NOT correctly describe the weighted average cost formula?

• A) It prices inventory on the basis of the average cost of beginning inventory.
• B) It prices inventory on the basis of the average cost of goods available for sale during the period.
• C) It takes into account that the volume of goods acquired at each price is different.
• D) It includes the cost of beginning inventory in the calculations.

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