Why are we using the average rate to convert inventory why aren't we using the weighted average rate for inventory purchases. 

CFA Level II
#1

In EOC # 07

#2

Templeton explains that Consol-Can uses the FIFO inventory accounting method and that purchases of C$300 million and the sell-through of that inventory "_ occurred evenly throughout 20X2" _

Whenever you see that, use the average rate.