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how to find weighted average ending inventory. The weighted average cost per unit is therefore 25778 116000 450 units The ending inventory valuation is 45112 175 units 25778 weighted average cost while the cost of goods sold valuation is 70890 275 units 25778 weighted average cost. This provides the final value of the inventory at the end of the accounting period.
Solved 3 Compute The Cost Of Ending Inventory And Cost O Chegg Com from www.chegg.com
Many online inventory management systems use the weighted average approach. The rest would go into ending inventory. What this article covers.
Under Last In First Out Inventory Method the last item purchased is the cost of.
All you need is to take the total cost of goods purchased and then divide it by the number of units available for sale. 170 x 13733 2334610 in COGS. Under FIFO Inventory Method the first item purchased is the first item sold. When a perpetual inventory system is used the weighted average is calculated each time a purchase is made.
