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    Cornerstones of Financial Accounting Study Set 3
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    Exam 6: Cost Of Goods Sold and Inventory
  5. Question
    The Weighted Average Cost Is Calculated by Adding the Units
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The Weighted Average Cost Is Calculated by Adding the Units

Question 184

Question 184

True/False

The weighted average cost is calculated by adding the units' costs from each purchase and then dividing by the number of purchases.

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