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formula for weighted average accounting. The formula we will use is notice we are primarily using the dollar costs and not units for this section except we will use TOTAL equivalent units we calculated in the previous section. The main difference between the weighted average LIFO and FIFO accounting is how each calculates inventory and cost of goods sold.
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Total costs 80000 400000. 20 7 140 45 3 135 15 4 60 0 2 0 140 135 60 0 335. The formula for weighted average cost WAC method In WAC the cost of goods available for sale is divided by the number of products available for sale.
Therefore all weights should be equal to 100 or 1.
The main difference between the weighted average LIFO and FIFO accounting is how each calculates inventory and cost of goods sold. The weights must be. Weighted Average Cost WAC Method Formula. Total cost for all inventory is the sum of the costs of individual purchases.
