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The inventory valuation method that tends to smooth out erratic changes in costs is: FIFO Weighted average LIFO Specific identification WIFO
The inventory valuation method that tends to smooth out erratic changes in costs is:
-
- FIFO
- Weighted average
- LIFO
- Specific identification
- WIFO
Expert Solution
Answer:
b ) Weighted average
Step-by-Step explanation
Weighted average method, divide the cost of goods available for sale by the number of units available for sale, which yields the weighted-average cost per unit.This smoothens the erratic changes in costs.
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