Asked by
Noshin Saiyara
on Dec 05, 2024
Verified
What is ending inventory using the average cost method?
A) $48,000.
B) $64,000.
C) $50,000.
D) $62,000.
Average Cost Method
A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during a period.
Ending Inventory
The total value of all the inventory that a company has in stock at the end of an accounting period.
- Study the consequences of employing inventory costing techniques (LIFO, FIFO, Average) on financial metrics.
Verified Answer
AT
Learning Objectives
- Study the consequences of employing inventory costing techniques (LIFO, FIFO, Average) on financial metrics.