Weighted Average Cost in Inventory Software - 6 Minute Demo & Explanation | Unleashed

Weighted average cost is one of three approaches of valuing a business' inventory stock. It determines the average cost of all inventory items based on the individual costs and the quantity of each item held in stock. Businesses use the weighted average cost method to determine the total value of their inventory, to calculate profit margins and determine the value of cost of goods sold (COGS).

In this video inventory accounting expert Will McTavish explains how weighted average cost is calculated using a detailed demonstration of Unleashed inventory management software. By raising several purchase orders at different price points – and with varying freight costs – he shows how the system generates a single weighted average cost per unit for the product being bought.

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