Which of the Following Are Advantages of the Weighted Average

question 2

Multiple Choice

Which of the following are advantages of the weighted average method of applying costs to inventory?
I. It is not subject to profit manipulation.
II. The profit and closing inventory values tend to be 'smoothed' compared to other methods.
III. It is simple to understand.

• A) I and II only
• B) I and III only
• C) II and III only
• D) I, II and III

---

Definitions:

Poverty Rates

The percentage of the population living below the poverty line, indicating the level of economic deprivation in a society.

Cognitive

Pertaining to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Psychological

Pertaining to the mind or mental processes, often relating to behavior and emotion.

Functional Limitations

Restrictions in performing tasks or activities due to physical, mental, or emotional conditions.