in weighted average method we assigns the weight to the averages while in average methods we dnt do this
Weighted average or first in first out
What is weighted average atomic number
The Dow Jones Industrial average is a price weighted index.
You can't convert an unweighted average into a weighted average simply by adding something. You have to do the whole calculation for the weighted average.
weighted average is an average in which each quantity to be averaged is assigned a weight. These weightings determine the relative importance of each quantity on the average.
The multiples are the weights (or importance) associated with each observation on which the weighted average is based.
weighted mean is getting the weighted average of students. normally, it is always use in computing the general average of the students to determine the ranking of the whole class.
WAVG
Yes, along with FIFO and LIFO, Weighted average is a generally accepted accounting principle.
In a simple average every value is worth the same, but in a weighted average, the frequency of each value is taken into consideration.
These would yield similar results if your cost of purchasing inventory from suppliers has stayed relatively constant.