Under the Weighted-Average Method for Inventory Costing,the Cost Per Unit

question 68

Multiple Choice

Under the weighted-average method for inventory costing,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:

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other resources available.

Sustainable Supply

The procurement and supply of goods and services in a manner that balances environmental, social, and economic demands to meet the needs of the present without compromising the ability of future generations to meet their own needs.

Type II Survivorship

A survivorship curve where individuals die at a constant rate across their lifespan, common in some birds and perennial plants.