Weighted average costing is one among many different types of inventory cost accounting methods that companies use. Other common methods include the more common last-in, first-out, or LIFO method, and ...

In manufacturing facilities, equivalent units of production are calculated to determine the value of a department's work-in-process inventory at the end of an accounting period. EUPs represent the ...

Plastics processors are fortunate to have several options for managing and calculating costs. In part one of this series, we discussed the benefits of a production profit contribution model. This ...