What is the inventory costing method that adds together the total cost of all goods available for sale during the period,and then divides that by the number of units available for sale to get a value to assign to all goods sold and all goods remaining in inventory?
A)Weighted average
B)Cost
C)FIFO
D)LIFO
E)Specific identification

Question

Quizplus · Accepted Answer

Weighted average cost uses the weighted average of the costs of goods available for sale for both the cost of each item sold and those remaining in inventory.

What Is the Inventory Costing Method That Adds Together the Total