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how to calculate weighted average ending inventory. The basic formula for a weighted average where the weights add up to 1 is x1 w1 x2 w2 x3 w3 and so on where x is each number in your set and w is the corresponding weighting factor. The ending inventory in the Weaving Department consists of 40000 units 20.
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2 LIFO Last in First Out Method. The weighted average cost method divides the cost of goods available for sale by the number of units available for sale. Weighted average unit cost is computed using the following formula.
All you need is to take the total cost of goods purchased and then divide it by the number of units available for sale.
To use the weighted average model one divides the cost of the goods that are available for sale by the number of those units still on the shelf. A company uses a process costing system. To do so the accountant adds purchases during the period to beginning inventory and subtracts out the cost of goods sold. Code to add this calci to your website.
