The pricing of issues from inventory must be deferred until the end of the accounting period under the following method of inventory valuation:a. moving-average. b. weighted-average. c. LIFO perpetual. d. FIFO.

Question

Ernest Henson

Business

2 October, 12:59

The pricing of issues from inventory must be deferred until the end of the accounting period under the following method of inventory valuation:a. moving-average. b. weighted-average. c. LIFO perpetual. d. FIFO.

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Tanner Noble · Answer 1

The correct answer is B) weighted-average.

The pricing of issues from inventory must be deferred until the end of the accounting period under the following method of inventory valuation: "weighted-average."

The method of inventory "weighted-average" is used by the accountants when they want to select the average cost of production to a good. This method of inventory is better used if the inventory items are blended, making it difficult to determine a specific cost to each unit of the product. Or when the goods are identical or so similar that it is not possible or easy to determine a coast to each unit.