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

question 89

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 cost of the previous accounting period

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Definitions:

Intermolecular Forces

Forces of attraction or repulsion which act between neighboring particles (atoms, molecules, or ions).

Specific Heat Capacity

The quantity of thermal energy necessary to increase the temperature of a given mass of a material by one degree Celsius.

Hydrogen Bonding

A type of weak chemical bond that occurs when a hydrogen atom, which is covalently bonded to a highly electronegative atom, is attracted to another electronegative atom.

Temperature Vs. Heat

Temperature measures the kinetic energy of particles in an object, while heat refers to the transfer of energy from one object to another because of a temperature difference.