The average-cost method under a periodic inventory system relies on a simple average calculation as total cost of goods available for sale divided by the total units availabler for sale.

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This statement is true. The average-cost method divides the total cost of goods available for sale by the total number of units available for sale in order to determine the cost per unit. This cost per unit is then used to calculate the cost of goods sold and ending inventory for the accounting period.

The Average-Cost Method Under a Periodic Inventory System Relies on a Simple