Asked by Zachary Summach on May 04, 2024
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If the company uses the weighted average periodic method,what would be the cost of the ending inventory?
Weighted Average Periodic Method
An inventory costing method where goods are valued at an average cost, calculated periodically, taking into account the weight of each purchase.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold (COGS).
- Compute the value of inventory utilizing various techniques such as FIFO, LIFO, and weighted average within continuous and intermittent systems.
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IR
Learning Objectives
- Compute the value of inventory utilizing various techniques such as FIFO, LIFO, and weighted average within continuous and intermittent systems.