ECONOMICS

Detailed explanation-1: -YesNoc.NoYesd.NoNoAnswer:BExplanation:Weighted average for the year inventory cost flow method is applicable onlytoperiodic inventory system because in perpetual inventory system, moving averagemethod is the onebeing used.

Detailed explanation-2: -In the weighted average cost method, the cost of goods available for sale is divided by the number of units available for sale and is commonly used when inventory items are so melded or identical to each other that it is impossible to assign specific costs to single units.

Detailed explanation-3: -What Is the Weighted Average Cost Perpetual Inventory Method? The Weighted Average Cost (WAC) is the cost flow assumption businesses use to value their inventory. WAC is the average cost of goods sold for all the inventory.

Detailed explanation-4: -The weighted-average cost is the total inventory purchased in the quarter, $113, 300, divided by the total inventory count from the quarter, 100, for an average of $1, 133 per unit. The cost of goods sold (COGS) will be recorded as 72 units sold × $1, 133 average cost = $81, 576.

Detailed explanation-5: -The weighted average inventory cost flow method is the least used of the inventory costing methods. True OFalse During periods of increasing costs, the use of the FIFO method of costing inventory will result in a greater amount of net income than would result from the use of the LIFO cost method.