What Is the Major Advantage of the Weighted Average Cost

question 92

Multiple Choice

What is the major advantage of the weighted average cost method?

• A)It is simple.
• B)It is accurate.
• C)It is the required method.
• D)It is the preferred method.

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Definitions:

Bile

The fluid secreted by the liver; emulsifies fats.

Gallbladder

A small organ located beneath the liver that stores and concentrates bile, a digestive enzyme produced by the liver.

Liver

A large, complex organ that secretes bile, helps maintain homeostasis by removing or adding nutrients to the blood, and performs many other metabolic functions.

Bile

A digestive fluid produced by the liver, stored in the gallbladder, and released into the small intestine, important for the digestion and absorption of lipids.