The weighted average cost method uses the cost for Cost of Goods Sold on the income statement and the cost for Inventory on the balance sheet.

Average ; average

Explanation:

The weighted average cost method refers to the method at which the cost per unit could come by dividing the available balance of cost of goods sold from the available number of units sold

where,  

The cost of goods sold = Opening balance of stock + purchase made - closing balance of stock  

In order to use the cost of goods sold on the income statement we use the average cost and for the inventory cost to we used the average cost for the balance sheet

24 years, i believe is the correct answer.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.