The rest which is 28500- 6840 21660 goes to the ending inventory for the Jan-March period. To get unit. How to calculate weighted average when the weights dont add up to one 1.
How to calculate weighted average when the weights dont add up to one 1.
Under weighted average method the equivalent units of production are computed using the following formula. This gives us a weighted average cost of 803 per unit. So we will assign 38 per unit sold which is 180 x 38 6840. If you wish to code your own algorithm the first very straightforward way to compute a weighted average is to use list comprehension to obtain the product of each Salary Per Year with the corresponding Employee Number numerator and then divide it by the sum of the weights denominator.