Which of the following inventory costing methods requires th
Which of the following inventory costing methods requires the calculation of a new average cost after each purchase?
specific identification
last-in, first-out
weighted-average
first-in, first-out
| specific identification | ||
| last-in, first-out | ||
| weighted-average | ||
| first-in, first-out |
Solution
Weighted-average inventory costing method requires the calculation of a new average cost after each purchase