For example, the employee may receive payment for 12 days during one pay period and 13 days the next. To allow enough time for payroll processing, the pay period ending date for a semimonthly hourly payroll may be earlier than for a biweekly hourly payroll.
SDG&E customers also receive a rebate for recycling old working freezers, refrigerators and room air conditioners. Nevertheless, the cost for electricity can be rather high and runs around $75.00, on average, per month for the entire year.
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.