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Which statement relating to the moving average method

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Problem 1: Which statement relating to the moving average method of costing inventories, used with the perpetual inventory system, is correct?

Select one:

Option 1: A new average cost is calculated at the end of each month.

Option 2: A new average cost is calculated after each sale.

Option 3: A new average cost is calculated after each purchase.

Option 4: A new average cost is calculated after each sale and each purchase.

Reference no: EM132679433

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