Question and answer
The weighted-average method A. calculates an average unit cost by dividing the total cost of goods sold by the total units sold. B. calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale.
The weighted-average method: Calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale.
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Question|Asked by andyweston
Asked 3/23/2016 2:34:48 AM
Updated 3/23/2016 4:53:04 AM
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The weighted-average method: Calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale.


Added 3/23/2016 4:53:04 AM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [3/23/2016 4:59:55 AM]
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Questions asked by andyweston
The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would cause A. the period’s net income to be overstated. B. the period’s net income to be understated. C. the period end assets to be overstated. D. None of the above
Question|Asked by andyweston
Updated 6/14/2021 2:45:40 AM
1 Answer/Comment
The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would cause None of the above.
Added 6/14/2021 2:45:40 AM
This answer has been confirmed as correct and helpful.
The entry to record selling 300 shares of no-par common stock with a stated value of $60 for $70 would be which of the following
Question|Asked by andyweston
Updated 11/20/2022 5:37:48 PM
1 Answer/Comment
The entry to record selling 300 shares of stated value $60 common stock for $70 per share would be: Debit Cash $21000; credit common stock $18000; credit paid - in capital.
Added 11/20/2022 5:37:48 PM
This answer has been confirmed as correct and helpful.
Which amount does not change during the period and is added to purchases when computing the cost of goods available for sale? A. Beginning inventory B. Ending inventory C. Periodic inventory D. Freight-in
Question|Asked by andyweston
Not Answered
Updated 3/23/2016 12:57:19 AM
1 Answer/Comment
Beginning inventory does not change during the period and is added to purchases when computing the cost of goods available for sale.
Added 3/23/2016 12:57:19 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/23/2016 6:02:46 AM], Rated good by Andrew.
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