Question

which of the inventory costing methods under a periodic inventory system provides results that are similar to the physical flow of goods, assuming purchases are relatively uniform?

Answer 1

If purchases are relatively uniform during a period, the weighted average cost method produces results that are similar to the physical flow of goods. Correct answer is Weighted average cost method.

What is Inventory?

The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock.

By dividing each item of inventory stock by the average cost of the stock that is currently on hand, the weighted average accounting cost method is used to value a company's inventory. This implies that for calculating value, on-hand inventory and cost of goods sold (COGS) are viewed comparably the same.

Therefore, Correct option is Weighted average cost method. if purchases are relatively uniform during a period, the weighted average cost method produces results that are similar to the physical flow of goods.

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