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SIZIF [17.4K]
3 years ago
14

Determining gross profit using the weighted average cost flow method assumes that the cost of the units sold a. is a weighted av

erage of the purchase cost of all units. b. is costed the same as the ending inventory, that is using a weighted average of the purchase cost of all units. c. Neither of these choices is correct. d. Both of these choices are correct.
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
5 0

Answer: the correct answer is d. Both of theses choices are correct.

Explanation:

Determining gross profit using the weighted average cost flow method assumes that the cost of the units sold is a weighted average of the purchase cost of all units and is costed the same as the ending inventory, that is using a weighted average of the purchase cost of all units.

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3 years ago
Read 2 more answers
What is cash flow?...................................
notka56 [123]

Answer:

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3 years ago
Which is the correct sequence for recording transactions and preparing financial​ statements?
zheka24 [161]

Answer:

The answer is B.

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3 years ago
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