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Material Cost Interview Question:
What is Weighted Average Method?
Submitted by: AdministratorWeighted Average Method - is the method of calculation in which the weighted average of both the lot sizes as well as the prices of the lot. This method is best for valuing material issues. This method is very useful where the prices and quantities of items vary. Practically, this method is very simple to calculate.
Submitted by: Administrator
Submitted by: Administrator
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