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In the weighted-average approach,the number of physical units transferred out cannot be greater than the equivalent number of units produced during the period.
Trial Balance
A bookkeeping worksheet listing the balances of all ledgers in two columns, debits and credits, used to verify the equality of the two totals.
Cash Dividend
A payment made by a company to its shareholders, typically in the form of cash, out of its profits or reserves.
Journalize
The process of recording transactions in a journal, marking the first step in the accounting cycle.
Transactions
The act of buying or selling goods, services, or financial instruments, which can be recorded in the financial records of a business or individual.
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