Which of the Following Inventory Costing Methods Requires the Calculation

question 133

Multiple Choice

Which of the following inventory costing methods requires the calculation of a new average cost after each purchase?

• A) specific identification
• B) weighted-average
• C) last-in, first-out
• D) first-in, first-out

---

Definitions:

Ovulation

The release of an egg (ovum) from the ovary, typically occurring midway through the menstrual cycle.

Pap Test

A screening procedure for cervical cancer that involves collecting cells from the cervix and examining them under a microscope to detect abnormalities.

Cervical Cancer

A malignant tumor of the cervix, the lower part of the uterus, often caused by the human papillomavirus (HPV).

Ovarian Cancer

A type of cancer that originates in the ovaries, characterized by the abnormal growth of cells that can invade or spread to other parts of the body.