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:

GDP Deflator

A standard for assessing the price rates of all freshly made, domestically sourced, final goods and services in an economic environment.

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in real terms.

Nominal GDP

The total economic value of all the final products and services generated within a nation's borders in a specified timeframe, calculated without any modification for inflation.

Imports

Goods or services brought into one country from another for sale or exchange.