Start learning →

The weighted average cost may be calculated on which basis?

AOnly at each quarter end
BOnly once at the year end
CPeriodically or per shipment
DOnly on a monthly basis
Answer & Solution
Correct answer: C. Periodically or per shipment
AS 2 lets the average be a periodic one or a moving one recalculated on each additional shipment.
Practise this question with Quill — CA Inter →

Keep practising Valuation of Inventories (AS 2)

Browse all Valuation of Inventories (AS 2) questions for CA Inter, or explore more Accounting topics.

Start a Valuation of Inventories (AS 2) lesson →
Related questions