Weighted Average Inventory Method | Periodic System | Accounting

Simplify Inventory with Weighted Average Costing! Join me as I guide you through the Weighted Average Cost method under a periodic inventory system. We start by breaking down the basics - how to calculate the weighted average cost per unit and its application in computing cost of goods sold and ending inventory. Through an example, I demonstrate the method, using real-life data from a sample company's May inventory records. After watching this video, you will understand how to determine the weighted average cost, and see its direct impact on financial statements. Whether you're managing gallons of milk or other identical units, this video provides the know-how to handle your inventory effectively. Please like and subscribe for more accounting tutorial videos like this one! Jonathan M. Wild www.wildaccounting.com #accounting #accountingstudent #accountingbasics #accountinglectures #inventoryvideo #inventorysystems