The inventory valuation method which assumes that the cost of ...

[karen]

The inventory valuation method which assumes that the cost of each unit of inventory is the average cost of all goods available for sale during the accounting period is called the ___________________ _ method.
 Fill in the blank(s) with correct word

Question 2

To convert a percent to a fraction, write the percent number as the numerator and 1000 as the denominator.
  Indicate whether the statement is true or false

[b614102004]

Answer to Question 1

average cost

Answer to Question 2

FALSE