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.

---

Definitions:

Influential Factors

Elements or conditions that significantly affect outcomes, behaviors, or the development of a situation.

Genetics

The investigation into genetic inheritance and the differences in traits passed down through generations.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops, including the culture that the individual is educated or lives in.

Physiological Forces

Biological or bodily drives and processes that influence behavior and mental states.