Results 1 to 2 of 2

Thread: Latest Cost to Weighted Cost

  1. #1
    Email problem
    Join Date
    Sep 2012
    Location
    England, Manchester
    Posts
    15
    Thanks
    0
    Thanked 1 Time in 1 Post

    Latest Cost to Weighted Cost

    What implications / consequences would changing inventory items from latest cost to weighted cost have?

    Regards

  2. #2
    Email problem
    Join Date
    Sep 2012
    Location
    England, Manchester
    Posts
    15
    Thanks
    0
    Thanked 1 Time in 1 Post
    Just thought I'd update this post, Implications would be on the inventory valuation, since your reporting the current latest cost whatever you last brought in is the latest cost, if you change to weighted an average then it will find an average between your latest cost say R10,000 and then if bring in R20,000 set to weighted then it will have an average of R15,000 on the valuation for that item.

    Not advisable to do this 'during the year' at the end of a year would be recommended, also you can not do this for previous periods.

    Just in-case anybody was wondering thought I would share my findings.

    Regards

Similar Threads

  1. cost of living
    By murdock in forum General Chat Forum
    Replies: 39
    Last Post: 03-Dec-15, 11:54 AM
  2. BE CAREFUL - THIS CAN COST YOU
    By Phil Cooper in forum General Business Forum
    Replies: 22
    Last Post: 25-Jul-13, 01:25 PM
  3. [Question] Cost of sales
    By AmithS in forum Entrepreneurship and Business Management Forum
    Replies: 1
    Last Post: 14-Sep-11, 05:33 AM
  4. The cost of government
    By Dave A in forum Business Finance Forum
    Replies: 24
    Last Post: 09-Sep-09, 11:39 AM
  5. travelling cost
    By murdock in forum General Business Forum
    Replies: 6
    Last Post: 06-Oct-08, 08:05 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •