Accountancy, asked by hydenpaulhyden9699, 11 months ago

Explain Average Price Method?

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Answered by shejal8

0

Weighted Average Cost is a method of calculating Ending Inventory cost. It is also known as WAVCOs. It takes Cost of Goods Available for Sale and divides it by the number of units available for sale (number of goods from Beginning Inventory + Purchases/production). This gives a Weighted Average Cost per Unit.

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