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:

Mortgage

A loan typically used to purchase property or real estate, where the property itself serves as collateral for the loan.

Title

The legal right to own, use, or dispose of something, particularly property or intellectual property.

Security

A financial instrument representing an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Finance Lease

A type of lease agreement in which the lessee effectively obtains ownership of the asset by the end of the lease term, usually involving payment of the asset's full value over time.