Question

when using the weighted-average method of taking inventory, the last step is to divide the total of all purchases by the. a. markdown, b. price per item, c. cost of goods sold, d. number of items in the inventory

Answer 1

The number of items in the inventory.

Step-by-step explanation:

Weighted average method of inventory costing uses average cost of inventory to determine cost of goods sold and value of finished goods.The components of weighted average are two: cost of inventory that are available for sale and numbers of items in the inventory.

When calculating weighted average method, it is necessary to calculate the two elements mentioned above- cost of inventory that are available for sale and numbers of items in the inventory. After that, the next step is to divide the total cost of all purchases by the number of items in the inventory.

Answer 2

If one is using the weighted-average method of taking inventory, the last step would be to divide the total of all purchases by the number of items in the inventory.