Introduction to Weighted Average Costing | Managerial Accounting

In this video, we're delving into the weighted average costing method, a technique used by companies to simplify the valuation of inventory and cost of goods sold. We'll discuss the advantages and disadvantages of weighted average costing, and walk through an example in which we calculate a weighted average cost and apply it to determine the cost of goods sold for a specific period.

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00:00 Intro
01:01 What is the weighted average costing method?
02:01 How companies use weighted average costing