Question: The weighted average cost-flow assumption is a common technique used to value inventory and determine cost of goods sold. It falls between LIFO and FIFO

The weighted average cost-flow assumption is a common technique used to value inventory and determine cost of goods sold. It falls between LIFO and FIFO as to the differential effect on inventory and cost of goods sold amounts, although normally it is more like FIFO than LIFO in its effect on the balance sheet. Why?

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