The major benefit of the weighted average costing method is simplicity.

Question

Quizplus · Accepted Answer

The weighted average costing method is simple and easy to calculate as compared to other costing methods. It involves taking the total cost of goods available for sale and dividing it by the total number of units available for sale to obtain an average cost per unit. This average cost is then used to value both ending inventory and the cost of goods sold.

The Major Benefit of the Weighted Average Costing Method Is