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how to solve weighted average method. Youll need to start by assembling a list of the numbers for which. Gather the numbers you would like to average.
Weighted Average Problems Solutions Videos Examples from www.onlinemathlearning.com
When using the weighted average method divide the cost of goods available for sale by the number of units available for sale which yields the weighted-average cost per unit. Gather the numbers you would like to average. This gives us a weighted average cost of 803 per unit.
In this procedure each quantity to be averaged is assigned a weight that determines the relative importance of each quantity.
The following example will demonstrate how to use Excels SUMPRODUCT and SUM functions to calculate a weighted average. Determine the weight value of each number. Calculate the equivalent units. Does this make sense.
