Multiple Choice
Which of the following are advantages of the weighted average method of applying costs to inventory?
I. It is not subject to profit manipulation.
II. The profit and closing inventory values tend to be 'smoothed' compared to other methods.
III. It is simple to understand.
A) I and II only
B) I and III only
C) II and III only
D) I, II and III
Correct Answer:
Verified
Correct Answer:
Verified
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