Question 19: The weighted average method typically results in a higher ending inventory balance than would be calculated using the LIFO or FIFO methods.

Answer:

A.

True

B.

False

Question 17: Match the description with the formula that it best describes.

=A4+(A2-A6) =(A4*A2)-A6 =A4/A2+A6 =A4-A2+A6

Divides cell A4 by cell A2 then adds cell A6 Multiplies cell A4 by cell A2 then subtracts cell A6 Subtracts cell A6 from cell A2 then adds cell A4 Subtracts cell A2 from cell A4 then adds cell A6