Which of the Following Is the Correct Formula to Calculate

question 151

Multiple Choice

Which of the following is the correct formula to calculate weighted-average unit cost for merchandise inventory?

• A) Weighted-average unit cost = Cost of goods available for sale + Number of units available
• B) Weighted-average unit cost = Cost of goods available for sale × Number of units available
• C) Weighted-average unit cost = Cost of goods available for sale - Number of units available
• D) Weighted-average unit cost = Cost of goods available for sale / Number of units available

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Definitions:

Closing Fees

Charges and costs associated with the finalization of a real estate transaction or the closing of a loan.

Itemize Deductions

The process of listing allowable expenses that can be subtracted from adjusted gross income to reduce taxable income.

Property Taxes

Taxes paid by property owners, based on the assessed value of their property, to fund local public services.

Charitable Contributions

Donations or gifts made to qualified organizations, which may be deductible from an individual's income tax.