The Weighted Average Inventories Costing Method Is Particularly Suitable to Inventories

question 24

Multiple Choice

The weighted average inventories costing method is particularly suitable to inventories where:

• A) dissimilar products are stored in separate locations.
• B) the entity carries stocks of raw materials, work-in-progress and finished goods.
• C) goods have distinct use-by dates and the goods produced first must be sold earliest.
• D) homogeneous products are mixed together.

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Definitions:

Tetany

A condition characterized by severe muscle cramps and spasms caused by an imbalance in calcium levels or other electrolytes in the body.

Endocrine Glands

Glands of the endocrine system that release hormones directly into the bloodstream to regulate bodily functions.

Kidneys

A pair of organs located in the abdominal cavity, responsible for filtering waste from the blood and producing urine.

Adrenal Medulla

The inner part of the adrenal gland that produces adrenaline and noradrenaline, hormones involved in stress response.