How many of these are advantages of the weighted average method of applying costs to inventory?
$\bullet$It is not subject to profit manipulation.
$\bullet$The profit and closing inventory values tend to be 'smoothed' compared to other methods.
$\bullet$It is simple to understand.
A) 0
B) 1
C) 2
D) 3

Question

Quizplus · Accepted Answer

The weighted average method of applying costs to inventory is not subject to profit manipulation, tends to smooth profit and closing inventory values, and is simple to understand, making all three statements advantages of this method.

How Many of These Are Advantages of the Weighted Average ∙\bullet∙

How Many of These Are Advantages of the Weighted Average $\bullet$