ge 1: ge 2:1 ge 3: ge 4: ge 5:1 question a Listen Which of the following statements about the weighted-average cost method is false? a) Cost of goods sold is calculated using the costs of the earliest purchased inventory. b) The value of merchandise inventory is calculated using the unit cost at the end of the period. Oc) The unit cost is updated after every purchase and is calculated by dividing the total value of the inventory by the total number of units on hand. d) It is used when inventory items are identical and when the order in which they are sold is irrelevant. 20