Weighted average method To find the weighted mean: Multiply the numbers in your data set by the weights. Also, it shows the calculation steps. wikihow. Weighted Average Method. When using the weighted average formula in Excel, it's important to double-check your calculations to ensure that they are accurate . https://docs. To see all my Chemistry videos, check outhttp://socratic. In this case, support is the number of actual instances of the class in the dataset. A weighted average formula is used by stock investors basically to track the cost basis of shares. This calculator is ideal for students calculating weighted grades, professionals evaluating performance metrics, and anyone needing quick and accurate calculations of weighted averages. This makes weighted average method a more complex but more accurate calculation method than simple Process Costing – Weighted Average Method. Get Weighted average calculator, weighted average formula here. , if we added 5 numbers, then we divide the total/sum by 5. Com, CA & CSWhatsapp: -9414992261#IssueofMaterial #WeightedAverageMethod #SimpleAverageMethod #Mat Nov 16, 2019 路 馃敟Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFFFinancial Accounting Accelerator 馃憠 http://bit. Learn how to calculate a weighted average, a type of average that considers the relative importance of each value in a data set. STEPS: Select cell F13. 5. Jan 22, 2013 路 Use Crystal's weighted average summary function: Insert a summary, and select the group footer; Select the database field containing the average; Select Weighted average with; Select the field containing the number of responses May 10, 2022 路 In the previous page, we discussed the physical flow of units (step 1) and how to calculate equivalent units of production (step 2) under the weighted average method. This costing method assume that all product consume the same level of overhead. To calculate the weighted average using the SUM function, you need to multiply each element, with its assigned importance in percentage. com/watch?v=ESqO8sFgQa0&list=PLLhSIFfDZcUVE2kz Aug 20, 2024 路 The weighted mean is a type of average where each value in a dataset is multiplied by a specific weight before the final calculation. But this does not account for the difference in number of students in each class, so the value of 85 does not reflect the average student grade (independent of class). This method provides a thorough approach to determining inventory worth by reducing price changes during the accounting timeframe. While calculating the average using the Arithmetic mean, we can either use simple mean formula or the weighted average formula. Oct 13, 2020 路 The Weighted Average Ensemble method even outperformed our best individual model (XGB Classifier) by 0. For example, expected value relies on weighted average, with the weights being probabilities that add up to 1. Weighted average periodic is probably the easiest of all the inventory methods. Thus, by taking into consideration the relative importance of each value, the weighted average method seeks to equate all the values comprised in the set. Apr 16, 2020 路 In this video I have explained how to prepare Stores Ledger Account under Weighted Average Price Method or Average Cost (AVCO)鈴盩IMESTAMPS0:00 - Intro0:12 - C Feb 24, 2023 路 Now, we will use the weighted average method while calculating the outstanding shares available during the year. Try replacing the word weight with the word importance and in this way its meaning will be better understood. Periodic Weighted Average Inventory. Let’s begin learning! Weighted Average Formula Nov 12, 2019 路 This statistics video tutorial explains how to find the weighted mean and weighted average. It is the method that determines the amount of Cost of goods sold on income statement and remains inventory in the balance sheet. This average price is then assigned to the item sold. For example, the person who calculates the weighted average of the cost of inputs in a factory can use the same value for all the other costs. This avoids over- or under-valuing inventory in times of changing prices. This is different from the arithmetic mean , where each value contributes equally when calculating the average. This number goes into the calculation for the cost of goods sold. com Dear Students, To follow all the lectures of Cost Accounting, please follow the given link:https://www. Divide $7,000 by 30 and the weighted average is $233. A weighted average (also called a weighted mean) is an average where some values are more important than others. Formed by weighting each functions in the output by its respective maximum membership value Aug 26, 2019 路 Go to: http://www. For instance, when choosing a restaurant Sep 27, 2024 路 A weighted average is a method of averaging where each data point contributes differently based on assigned weights. We evaluate the values, taking into account the quantity or significance of each. Periodic WA, in other words, is a method to consider actual costs. For example, the average of the set Use of Weighted Average Formula. Add the results up. Reference: Financial Accounting Volume 1 by Mr. We will continue the discussion under the weighted average method and calculate a cost per equivalent unit. Weighted Average: Introduction Domains Learning Methods Type Machine Learning Supervised, Unsupervised One advantage of using the weighted average method is consistency. Never miss a tutorial video - Subscribe to stay up-to-date with us https://www. In this article, we will discuss how to calculate a weighted average Most companies use either the weighted average or first-in-first-out (FIFO) method to assign costs to inventory in a process costing environment. 4) and weighted average (73. Sep 24, 2024 路 Weighted Average# Weighted average computes the mean of all per-class scores while considering each class’s support. Under the weighted average method, equivalent units are calculated based on 2 things: units completed and transferred out and units in ending work in process inventory. What Does the Weighted Average Method Mean for Valuing Inventory? This method assumes that we sell all our inventories simultaneously. This influences certain values more, providing a more accurate reflection of the overall result. We go through an ex Average (arithmetic mean) is a special case of weighted average where each weight is the same (1/n, where n is the number of data points). The formula for weighted average is: Example: Weighted Average Method by Sophia This tutorial will cover the inventory cost flow assumption known as the weighted average method. In average vs. In contrast, the weighted average multiplies all the numbers by their weights and is divided by the sum of A weighted average is an average in which some of the items to be averaged are ‘more important Dec 30, 2024 路 Weighted Average Definition. In order to comply with generally accepted accounting standards (GAAP), a corporation must be consistent in the use of the inventory valuation method The weighted average cost (WAC) method is a simple yet effective method for valuing of inventory, applicable to both purchased and in-house produced goods. It allows you to calculate the weighted average and sum of weights based on the entered data value and weights. That is, the contribute a greater or a lesser amount to the final grade. A weighted average is sometimes more accurate than a simple average. Learn how to calculate the cost of inventory under a weighted average method in a periodic system. See two worked examples with different scenarios and formulas. [2] Compared to the inventory valuation methods of standard cost, weighted average, FIFO, and LIFO, the periodic weighted average posts no price differences or cost variances. com/subscribeRead morehttps:// 3. Consider the following dataset where we have a student score out of 100 in Quiz, Assignment, Project, Mid Term Exam, and Term Final Exam. Nov 14, 2019 路 The weighted average cost method accounting is a method of inventory valuation used to determine the cost of goods sold and ending inventory. Jan 16, 2024 路 The weighted average cost method tends to smooth out fluctuations in purchase costs and results in valuations that reflect an average cost per unit rather than the actual cost per unit. For that set of number above with equal weights (1/5 for each number), the math to find the weighted mean would be: A weighted average is an average among numbers with different weights. Oct 8, 2024 路 In calculating a weighted average, each number in the data set is multiplied by a predetermined weight before the final calculation is made. Since the first 100 shares are issued on the 1st of January, it would be applicable for the whole year. includes costs in beginning inventory and current period costs to establish an average Jul 6, 2024 路 Method 2 – Utilize Only SUMIFS Function to Enumerate Conditional Weighted Average with Various Conditions. Here is a step-by-step overview of how it works: Mar 27, 2019 路 In the weighted average method, total equivalent units for the process for a period are calculated using the following formula. The formula works well for items that regularly sell, with sales in at least 8 of the prior 12 periods. org/chemistryWhat is a weighted average? How do you calculate a weighed average? It is a type of ave Jul 29, 2020 路 Learn how to calculate weighted average with this guide from wikiHow: https://www. Mar 29, 2023 路 The weighted average method is a method of determining the average cost of a product or investment. accountingworkbook. See examples of weighted average applications in finance, education, and statistics. The weighted average method specifically involves working out an average cost per unit at each point The weighted average of all inventory purchases made during a period is used by the average cost technique to value the cost of goods sold (COGS) and the cost of items that are still up for grabs. hstutorial. Weighted Average Problems. google. This gives a weighted-average unit cost that is applied to the units in the ending inventory. May 24, 2024 路 Learn the formula and steps to find the weighted average of a set of numbers with different weights. Each number has its own weight and, therefore, will affect the weighted average. In other words, it is an average that multiplies each component by a factor reflecting its significance, before summing the results and dividing by the total of those Feb 27, 2023 路 Weighted Average Method In many industries, the quantitative method does not give a satisfactory answer to the joint cost apportionment problem. e. Introduction. May 7, 2021 路 Weighted Average Forecasting is a method that determines how much inventory to keep on hand based on an item’s past performance and an assigned “weight” or emphasis. In the other hand, if the loan was not taken specificaly for the construction, we use the weighted average method \textbf{weighted average method} weighted average method which takes into consideration interests of each loan already taken and then divide the average interest on the total amount of debt to get the weighted average interest rate. An Average is a method to calculate the mean of a given data set. The weighted average inventory costing method, also called the average cost inventory method, is one of the GAAP-compliant approaches companies use to value their business stock. Why would you use a weighted average instead of a traditional average calculation? Sep 21, 2022 路 perhitungan weighted average dalam dunia bisnis memang kerap kali digunakan agar perhitungan memperoleh hasil yang lebih akurat Jul 31, 2014 路 The total cost of all the units is $7,000 and there are 30 units. A weighted average is an average where each number being averaged is assigned a weight according to its importance or relevance. One type of average problems involves the weighted average - which is the average of two or more terms that do not all have the same number of members. Weighted Average in Decision-Making: Interestingly, our brains also apply the concept of weighted average in decision-making, although we might not realize it. The straight average for the morning class is 80 and the straight average of the afternoon class is 90. Ending Inventory: 150 units. A weighted average (or weighted arithmetic mean) is an average of a data set in which certain data points carry more weight; in other words, certain data points contribute more to the final average of the data set. The weighted average method A method of process costing that includes costs in beginning inventory and current period costs to establish an average cost per unit. When calculating a weighted average, you will use the alternate way of calculating the average shown above, except that each number will Dec 28, 2023 路 We make use of a weighted average in these circumstances. For example, if there are 3 samples of class Airplane, then the support value of class Airplane is 3. The weighted average cost method divides the cost of goods available for sale by the number of units available for sale. It is commonly used when items within a business’s inventory are intertwined and it becomes difficult to assign a specific cost to any individual item. Another example of using the weighted average formula is when a company has a wide fluctuation in sales, perhaps due to producing a While you will need to calculate the average often in chemistry, on occasion, you will need to calculate a weighted average, where each of the numbers contributes a different amount (or weight) to the average. To find your weighted average, simply multiply each number by its weight factor and then sum the resulting numbers up, the same way you would take the Learn what is weighted average, how to calculate it using a formula, and see real-life examples. Weighted Average – Explanation and Examples. About Weighted Average Calculator. Of course, weighted average can be used in many contexts in math and beyond. Also known as process costing, a weighted average takes into account any changes during production that may change the cost or price of your items. 5) are different values. com/Calculate-Weighted-AverageFollow our social media channels to f Jun 22, 2023 路 The weighted average method 5 includes costs in beginning inventory and current period costs to establish an average cost per unit. Purchase 2: 200 units at $12 each. It's a term that rarely appears in the context of college GPA (although college GPA is computed using a weighted average method, with courses credits as weights) but is usually used for high school GPA. 045. Units completed and transferred are finished units and will always be 100% complete for equivalent unit calculations for direct materials, direct labor and overhead. Nov 8, 2022 路 In this video, you will learn how to create a stock card using the weighted average price method. Process costing is the accounting method which allocates equal overhead to each product regardless of its consumption. So, you can easily understand how the average result came. While the SUMPRODUCT function is the best way to calculate the weighted average in Excel, you can also use the SUM function. Welcome to our Weighted Average Calculator. Nov 21, 2023 路 In these types of situations, using a weighted average can be much quicker and easier than the traditional method of adding up each individual value and dividing by the total. The common method to calculate an average is by adding the numbers, then dividing the sum with the total count of added values, i. Dec 21, 2023 路 The weighted average method is an inventory valuation technique in accounting that calculates the cost of goods sold and ending inventory based on the average costs of units purchased over time. Let's have a closer look at this topic. Oct 11, 2019 路 In this lesson, you will learn how to record inventory using the Weighted Average Inventory costing under the Perpetual Inventory System. Nov 25, 2022 路 The weighted average method is mainly utilized to assign the average cost of production to a given product. The Weighted Average Cost Method. The most common example of a weighted average is a school grade where homework, in-class work, and tests are weighted differently. For this reason, weight factors are often assigned to each unit based on unit size, manufacturing difficulty, manufacturing time, differences in the type of labor employed, the amount of material used Calculating Weighted Average in Excel – SUM Function. The concept of weighted average is used in various financial formulas. Weighted average. Learn how to calculate weighted average, weighted average method, weighted average calculation here at BYJU'S. Conrado Average Inventory = Weighted Average Cost per Unit * Average Inventory Units. Stock investors Weighted Average Method - Perpetual Inventory System (Moving Average Method)Learn the basics of inventory cost flow using the Weighted Average Method - Perpe Mar 21, 2023 路 As you see, a normal average grade (75. Jun 23, 2024 路 Learn how to use the weighted average method to assign the average cost of production to a product when inventory items are intermingled or commoditized. ly/fin-acct-reviewManagerial Accou Aug 29, 2022 路 A weighted average is used for inventory valuation in accounting. In this video, we will understand the Weighted Average Method of calculating closing stock. Using the same dataset: In this accounting lesson, you will learn how to record inventory using the Weighted Average Inventory costing under the Periodic Inventory System. Oct 11, 2023 路 The average cost method assigns a weighted-average cost to a large volume of similar units rather than using their individual unit costs. This approach accounts for the varying impact each data point has on the final average. Example: Purchase 1: 100 units at $10 each. The straight average of 80 and 90 is 85, the mean of the two class means. A weighted average helps the user gather a more accurate look at a set of data than the normal average alone. Weighted average is the average of quantities with different weights, reflecting their importance or contribution. In Microsoft Excel, weighted average is calculated using the same approach but with far less effort because Excel functions will do most of the work for you. The weighted average cost is the total inventory purchased in the quarter, $113,300, divided by the total inventory count from the quarter If you want an average, these different credit hours mean that the two courses do not share the same level of importance, and therefore a simple average cannot be calculated. When unit of inventory is sold, the weighted average method of costing inventory takes the average cost of all inventories currently available. Apr 11, 2023 路 The weighted average method is a tool used in classrooms, statistical analysis and accounting offices, among others. Calculate your weighted average of your grade. In that case, you’ll want to find the weighted mean. The inventory weighted average method is recognised as valid by both GAAP and IFRS, but does require detailed calculations using a formula and accurate inventory data. See an example of how to calculate and record the weighted average cost per unit and the cost of goods sold. In this example, one settlement is created between 1b and 3b, and another between 1b and 4b. In the weighted mean calculation, the average value can be calculated by providing different weights to some of the individual values. Weighted average cost of capital (WACC) and weighted average beta are two examples that use this formula. May 22, 2018 路 Average cost method, or weighted average, is one of the inventory valuation methods that help to calculate the cost of goods sold. A weighted average is a mean composed of smaller means that do not evenly contribute to the whole. To calculate WAC, divide the total cost of goods available for sale by the number of units available for sale, providing a weighted average cost per unit. youtube. This method is also alternatively called ”Sugeno defuzzification” method. . Weighted Average Cost per Unit = ($1000 + $2400) / (300) = $11. All these items carry different weights (expressed in percentages). Multiply the weight by each value. In some industries where quantities are mixed or too numerous to count, the weighted average method is useful. Com This video walks through an example of how to calculate the costs assigned to the units completed and transferred out of a department and the units still in Dec 2, 2023 路 You can use the weighted average formula in Excel to calculate a variety of different metrics, such as weighted average price, weighted average cost of capital, and weighted average interest rate. In some cases, you might want a number to have more weight. Sep 11, 2024 路 Learn how to use the weighted average method to find the average of a data set that recognizes certain numbers as more important than others. See examples, tips and tricks for accounting, statistics and education applications. A good example would be calculating a student's final grade based on their performance on a variety of different assignments and tests. At the end of each accounting period, some products are not yet finished. In a weighted average, not all pieces of data share the same level of importance or they do not occur with the same frequency. Aug 23, 2020 路 A weighted average is a statistical method that assigns different levels of importance, or “weights,” to various data points based on their significance or relevance. Professor AJ Kooti provides a detailed example of the Weighted Average method of accounting for inventory sales. A weighted average is a method of calculating the mean of a set of numbers, where each number has a specific weight or importance attached to it. There are two commonly used average cost methods: Simple weighted-average cost method and perpetual weighted-average cost method. ; Insert the following formula in that cell: In this example, the goal is to calculate a weighted average of scores for each name in the table using the weights that appear in the named range weights (I5:K5) and the scores in columns C through E. This video is useful to the students of BBA, MBA, B. See the formula, examples, and methods for different scenarios with weights that add up to one or not. The weighted average method is a final option for valuing our inventory. Jun 27, 2024 路 Assume the company sold 72 units in the first quarter. Average vs Weighted Average – Key Differences. If you'd like to become a member an gain access to over 100 "Members Only" tutorial videos Aug 7, 2024 路 Weighted Average is a method of finding the average of a set of numbers where each number (or data point) is given a weight based on its importance or relevance. Companies frequently use this method to track inventory costs. When it comes to analyzing data and calculating values, two commonly used methods are the average and weighted average. The other two common methods are first-in, first-out and last-in, first-out . Average Inventory = $11. A weighted average is most often computed to Learn how to calculate a weighted average, a type of mean that gives differing importance to the values in a dataset. Calculating weighted average in Excel. Jan 10, 2020 路 Weighted average method is opted for when values in a set are all not of equal importance. It can be used in both supervised learning and unsupervised learning scenarios. Aug 4, 2024 路 Method 1 – Calculating the Weighted Average with Percentages Using an Arithmetic Formula in Excel. Moving Average Method Dec 30, 2016 路 Use the weighted average method of measure the average cost of production of an item your company makes. Our discussion breaks down as follows: 1. The balance on hand is also composed of units valued at the weighted average cost. Apr 15, 2018 路 #hstutorial Weighted Average Method. This method of material costing is used for costing materials requisition and charging the cost of materials to production. Apr 30, 2024 路 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. Example: Suppose you scored 30% in assignments that account for 10% of your final grade and you then scored 80% in your final exam that accounts for 70% of your final grade. The cost of goods sold, or COGS, includes both the costs of the inventory items and additional expenses, such as shipping costs, customs fees and packaging. This is a significant increase in any case competition, especially when Kagglers always Learn the basics of inventory cost flow using the Weighted Average Method- Periodic Inventory System. Let’s know more about Weighted Mean definition, formula and solved examples in detail Jul 10, 2023 路 This method is popular because of its simplicity in computing unit cost. weighted average, the average is the sum of all values divided by the number of values. It involves calculating a weighted-average unit cost by dividing the total cost of goods available for sale by the total units available for sale, and then applying this average cost to the units sold and the units remaining in A weighted average, sometimes called a weighted mean, is an average value that reflects the varying amount of importance of each value in a data set. Spread the loveIntroduction: Weighted averages are used in a variety of contexts, including calculating final grades in a course, determining investment returns and various statistical analyses. However, here we shall discuss the weighted average formula. This method is useful when certain values in the dataset contribute more significantly to the overall average than others. In other words, support is the sum of Weighted Averaging (or “rolling averaging”) is a method of calculating an average by assigning each item in the set or data points a weight based on its relative importance. Jun 11, 2024 路 We often use a weighted average to calculate the so-called weighted GPA. It adjusts for the importance or frequency of the data points, offering a more accurate representation than a simple average, where all values are treated equally. This is called the Weighted Average Cost (WAC) method, and it takes into account both the number of goods available for sale and their cost to calculate the WAC per unit. The first-in-first-out (FIFO) 6 method keeps beginning inventory costs separate from current period costs and assumes that beginning inventory units are completed and transferred out before the units started during The moving weighted average (MWA) method determines a graduated value by taking a weighted average of a certain number of consecutive observed values. The weighted-average method is an inventory valuation technique used to determine the cost of goods sold and ending inventory under the periodic inventory system. Oct 16, 2023 路 This is the weighted average formula: Weighted average = (Sum of variables x Weight) / (Sum of all weights) Follow these steps to calculate weighted average: Determine the weight of each data point. The weighted arithmetic mean is similar to an ordinary arithmetic mean (the most common type of average), except that instead of each of the data points contributing equally to the final average, some data points contribute more than others. May 27, 2024 路 Based on the weighted average method, the system uses the direct settlement method because only one receipt is financially updated in the period. Related: How To Calculate Weighted Average in 3 Steps (with Example) Aug 11, 2023 路 Average Weighted And Weighted Average are two different mathematical calculations or functions in Excel. Weighted average accounting assumes that units are valued at a weighted average cost per unit and applies this calculated average to the units sold and the units held in ending inventory. The weighted average is a measure of central tendency that takes into account the different degrees of importance of the numbers in a data set. Investors can use it to track the cost basis for investments where First-In, First-Out (FIFO) or Last-In, First-Out (LIFO) cost bases aren’t used. The calculation of the weighted average is a little bit more complex than that of the simple average. The data cannot represent a percent change Instead, the weighted average method of costing inventory assigns an average cost to each piece of inventory when it is sold. The basic formula is as follows: The basic formula is as follows: Weighted Average Inventory Method Definition. Weighted average unit cost is computed by using the following formula: Weighted average unit cost = Total cost of units available for sale / Number of units available for sale Understanding Weighted Average: Definition, Explanations, Examples & Code The Weighted Average algorithm is an ensemble method of calculation that assigns different levels of importance to different data points. Weighted averages are commonly used in various fields such as finance, economics, education, and statistics, where different data points m Jan 18, 2019 路 A weighted average is an average that takes into account the importance, or weight, of each value. Weighted Average Method The average cost is computed by dividing the total cost of goods available for sale by the total units available for sale. We go thr Mar 26, 2024 路 When average costing method is used in a periodic inventory system, the cost of goods sold and the cost of ending inventory is computed using weighted average unit cost. 50. In other words, it considers both the value and quantity of each item to determine the overall average. The inventory cost formula is important because it directly affects the company’s profit. The numbers are of different importance. The Weighted Average Method computes the expenses of all units in stock during a specific timeframe to determine the final inventory and cost of goods sold (COGS). Total equivalent units for a cost component = A + B × C Where Dec 12, 2024 路 This method uses a weighted average to determine the amount of money that goes into COGS and inventory by finding the average cost of each piece of available inventory. AVCO is one of three inventory valuation methods used to calculate the cost of inventory items for an accounting period. These statistical measures provide valuable insights into various scenarios, whether it's determining the mean of a dataset or assigning different weights to different data points. Formula to calculate weighted average method. The weighted average method takes less paperwork. The weighted average cost method follows the concept of total stock and total valuation. In a nutshell : The weighted average takes into account the relative importance or frequency of some factors in a data set. Statistics - Free Formula Sheet: https://bit. 33 * 150 = $1699. Imagine you have three exam scores: 80, 90, and 100. We need to calculate the weighted mean when data is given in a different way compared to the arithmetic mean or sample mean. ly/47zjTVTStati Feb 26, 2023 路 Weighted Average Cost: Explanation. Step 3: Cost per Equivalent Unit May 17, 2024 路 Weighted average is one means by which accountants calculate the costs of items. What is Weighted Average Cost (WAC)? In accounting, the Weighted Average Cost (WAC) method of inventory valuation uses a weighted average to determine the amount that goes into COGS and inventory. The Weighted Mean. Nov 27, 2024 路 The weighted average method, which is mainly utilized to assign the average cost of production to a given product, is most commonly employed when inventory items are so intertwined that it becomes Aug 21, 2021 路 Weighted average method is one of the simplest and widely used defuzzification technique. Dec 27, 2024 路 The Weighted Average Calculator is a tool that simplifies the process of calculating averages where numbers are weighted based on their importance. Nov 10, 2022 路 There are three different types of inventory costing methods: FIFO (First-in, First-out), LIFO (Last-in, Last-out), and Weighted Average. https://TheBusinessProfessor. This video shall be helpful to the students of CA, CS, CMA, B. Add the results of step two together. In other words, some values We also better represent the cost of the sold goods using the weighted average method. com/document/d/1pDT1Hga0Xqv1Lc80kdHqhE2f Sep 8, 2024 路 Definition of Weighted Average. 33. Normally, when computing an average, each data point carries the same weight. In Mathematics, the weighted mean is used to calculate the average value of the data. Calculating weighted average using SUM function May 10, 2022 路 Under the weighted average method, equivalent units are calculated based on 2 things: units completed and transferred out and units in ending work in process inventory. To find the weighted term, multiply each term by its weighting factor, which is the number of times each term occurs. Weighted average inventory is the costing method that allocated equal cost to all inventory. Com, M. com/ to download the problems. The weighted average method is an inventory valuation method based on average cost per unit. ykay mrawe umixi xvhjx xvkemk jdilaz shmt nmima hszk oss adfqqi numy zcgpy znuvm gue