What is the major advantage of the weighted average cost method?
A)It is simple.
B)It is accurate.
C)It is the required method.
D)It is the preferred method.

Question

Quizplus · Accepted Answer

The weighted average cost method is considered simple because it averages out the costs of goods, making inventory and cost of goods sold calculations less complex than other methods like FIFO (First In, First Out) or LIFO (Last In, First Out).

What Is the Major Advantage of the Weighted Average Cost