value: 1.00 points The inventory turnover ratio directly measures: the days it takes to sell its average inventory balance O the times per period the average inventory balance is sold. how many days it takes to collect. O its sales of inventory sold on account 1.00 points Specific identification is: O the classification of an account as an asset, liability, or stockholders' equity account O an inventory method that indlividually identifies and records the cost of each item as cost of goods sold O a detaled list of all of a corporation's stockholders. high-tech security technique for identifying key employees 1.00 points Which of the following statements about the calculations used for the weighted average inventory costing method is comect? ? under the weighted verage cost method, ifthe goods in inventory wer?purchased at three different prices, the three different prices would be edded and then divided by three to find the weighted average cost per unit O When the weighted everage inventory costing method is used, ending inventory and cost of goods sold are calculated using O There is no difference in the calculetions under the weighted average method whether a perpetual or periodic inventory system O The weighted-average method will produce an inventory cost which is between the results of FiFO and LIFO invensory costing different costs per unit is used methods