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Weighted Average Method
Weighted Average Method is an inventory costing method where the cost of goods sold and ending inventory value are calculated based on the weighted average cost of all inventory items.
Weight Factors
Variables or coefficients applied in calculations to adjust the importance or influence of specific elements in quantitative analysis or models.
Weighted Physical Units
A method used in cost accounting to average the units produced during a period, accounting for units in progress at the beginning and end of the period.
Net Realizable Method
An accounting approach used to evaluate inventory or accounts receivable's net value, accounting for possible losses or costs.
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