b. calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale.
c. calculates an average unit cost by adding the total cost of goods available for sale to the total units of goods available for sale.
d. none of the above
The weighted average method is used to assign the average cost of production to a product. Weighted average costing is commonly used in situations where:
Inventory items are so intermingled that it is impossible to assign a specific cost to an individual unit.The accounting system is not sufficiently sophisticated to track FIFO or LIFO inventory layers.Inventory items are so commoditized (i.e., identical to each other) that there is no way to assign a cost to an individual unit.
factories .......................
B. chair,dry cleaning,police protection.
C. hammer,ice cream cone,house.
D. shirts,car wash,computer training.
capital gains, ongoing costs, and salary
interest, salary, and taxes
salary, interest, and dividends