A Major Advantage of the Weighted Average Method of Inventory

question 79

Multiple Choice

A major advantage of the weighted average method of inventory costing is that

• A)Cost flows correspond with the physical flow of merchandise.
• B)It is relatively easy to apply.
• C)It matches current costs with revenues.
• D)Recent costs are assigned to the ending inventory balance.

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Definitions:

Boreal Forests

Vast biomes consisting primarily of coniferous trees, located in the northern regions across the taiga zone, known for cold climates and long winters.

Ice Cap

A mass of ice that covers less than 50,000 square kilometers but blankets land completely, often found in polar and subpolar regions.

Broadleaf Trees

Trees characterized by wide, flat leaves as opposed to needle-like leaves, common in deciduous forests.

Dormant

A state of physical or biological inactivity or rest, during which growth, development, and physical activity are temporarily stopped.