weighted average cost of inventory
Definition
Inventory valuation method used where different quantities of goods are purchased at different unit costs. Under this method, weights are assigned to the cost price on the basis of the quantity of each item at each price.
Popular 'Accounting & Auditing' Terms
weighted average cost of inventory in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/weighted-average-cost-of-inventory.html
