Accountıng I Deneme Sınavı Sorusu #1132445
Which of the followings allocates the cost of goods available for sale on the basis of the weighted average unit cost incurred?
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Lower of Cost or Market Value Method (LCM)Specific Identification Method |
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Average Cost Method |
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First-In, First-Out (FIFO) Method |
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Last-In, First-Out (LIFO) Method |
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Specific Identification Method |
Yanıt Açıklaması:
Average Cost Method is an inventory costing method based on the weighted average cost per unit of inventory that is calculated after each purchase. Weighted average cost per unit is determined by dividing the cost of goods available for sale by the number of units available.
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