question 16 (mandatory) (2 points) listen the inventory valuation method that tends to smooth out erratic…

question 16 (mandatory) (2 points) listen the inventory valuation method that tends to smooth out erratic changes in cc and the cost of goods sold is: fifo. weighted average. lifo. specific identification. wifo question 17 (mandatory) (2 points)

question 16 (mandatory) (2 points) listen the inventory valuation method that tends to smooth out erratic changes in cc and the cost of goods sold is: fifo. weighted average. lifo. specific identification. wifo question 17 (mandatory) (2 points)

Answer

Brief Explanations:

The weighted - average method calculates the average cost of inventory items available for sale during a period. It smooths out fluctuations in costs as it takes into account the quantity and cost of all inventory purchases. FIFO (first - in, first - out) and LIFO (last - in, first - out) are more affected by the timing of cost changes. Specific identification is used for unique items and WIFO is not a standard inventory valuation method.

Answer:

B. Weighted average