When Using the Weighted-Average Cost Method to Determine the Cost

question 33

Multiple Choice

When using the weighted-average cost method to determine the cost of inventory sold,the weighted-average cost per unit is calculated as the:

• A) cost of goods available for sale divided by the number of units available for sale
• B) cost of goods sold divided by the average number of units in inventory
• C) cost of goods sold divided by the number of units sold
• D) cost of goods in ending inventory divided by the number of units in ending inventory

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Definitions:

Arachnoid

A delicate membrane that encloses the brain and spinal cord, situated between the dura mater and pia mater.

Pia

Short for pia mater, it is the delicate innermost membrane enveloping the brain and spinal cord.

Hemispheres

Refers to either of the two halves of the brain or the Earth, separated by the brain's longitudinal fissure or the Earth's equator, respectively, and each with distinct functions or characteristics.