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how to calculate weighted average lifo fifo. Multiply the weight by each value. 100 20 150 20 100times20 150times20 10020150 20 Cost of Goods Sold FIFO 2000 3000.
Solved E7 4 Calculating Cost Of Ending Inventory And Cost Chegg Com from www.chegg.com
This method computes the average cost of items available for sale. June 150 units 25 per unit. It is calculated by dividing the total number of units you have on hand by the total cost of goods.
Periodic weighted average cost of opening inventory total costs of receipts-----.
Average Cost Method of accounting for inventory takes an average as the name implies of all of the costs of all of your inventory. It is calculated by dividing the total number of units you have on hand by the total cost of goods. To calculate the costs of goods sold using the LIFO method treat the most recently purchased inventory as being sold first. Cost of Goods Sold Quantity 1 40 X FIFO cost 1 10 Quantity 2 50-4010 X FIFO Cost 2 15 550.
