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Weighted average cost (See Chapter 7 of the Vernimmen)
Weighted average cost is one of the inventories valuation methods. It consists in valuing items withdrawn from the inventory at their weighted average cost, which is equal to the total purchase cost divided by quantities purchased.
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Weighted average cost (See Chapter 7 of the Vernimmen)
Weighted average cost is one of the inventories valuation methods. It consists in valuing items withdrawn from the inventory at their weighted average cost, which is equal to the total purchase cost divided by quantities purchased.
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