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(5 points) Which of the following is true of using the average cost method of tracking inventory? (A 12) It produces more moderate COGS and

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(5 points) Which of the following is true of using the average cost method of tracking inventory? (A 12) It produces more moderate COGS and Ending Inventory figures than either LIFO or FIFO. It is more effective at eliminating inventory layers than either LIFO or FIFO. It is much more accurate than either LIFO or FIFO. It is more effective at tracking the actual flow of inventory than either LIFO or FIFO

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