Weighted average method is a generally accepted accounting principle?

Related MCQs

• The weighted average method divides the cost of goods available for sale by the number of units:
• Weighted average cost method produces different allocation of inventory costs in periodic and perpetual inventory system?
• In a perpetual inventory system, the weighted average cost method is called:
• The weighted average method is most commonly employed when inventory items are:
• US GAAP allows FIFO, LIFO and Weighted average method to value stock?
• Weighted average method for inventory is permissible in:
• Weighted average method is same as:
• Simple average method is based on the principle that materials issues should be valued at ………… average price.
• The evolution of cost accounting took place because of…………………….of financial accounting.
• Cost accounting has been developed because of………………financial accounting.