The weighted average cost method will always yield results between FIFO and LIFO.

Name: The weighted average cost method will always yield results between FIFO and LIFO.
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Quizplus · Accepted Answer

The weighted average cost method takes into account both the cost and quantity of inventory purchased or produced, resulting in a blended or averaged cost. As a result, the cost of goods sold and ending inventory values under the weighted average cost method will always fall between the values calculated under FIFO and LIFO.

The Weighted Average Cost Method Will Always Yield Results Between