If someone who had never watched Game of Thrones â or read the original written series A Song of Ice and Fire â asked who the main character was, what would you say? Though many point to Jon Snow, Tyrion Lannister, and Daenerys Targaryen as the main protagonists, narrowing it down to just one is tough. Thanks to the beauty of statistical analysis and network science, we finally have an answer: Tyrion Lannister.
As you can see, the average cost moved from $87.50 to $88.125âthis is why the perpetual average method is sometimes referred to as the moving average method. The Inventory balance is $352.50 (4 books with an average cost of $88.125 each).
The weighted-average method (also called the average cost method) provides that the average unit cost is included in the cost of goods sold. Weighted-average (average cost) inventory costing method assumes that the average cost of inventories is to be recognized as the cost of goods sold.In order to determine the weighted-average, you need to add all costs of items on hand and divide the result by the number of items.In our example, the calculation is as follows: ($5,000 + $5,500) Ã· 2 = $5,250. This amount will be charged to the cost of goods sold when an item is sold.n order to determine the weighted-average, you need to add all costs of items on hand and divide the result by the number of items. In our example, the calculation is as follows: ($5,000 + $5,500) Ã· 2 = $5,250. This amount will be charged to the cost of goods sold when an item is sold.