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weighted rating $(WR) = (v / (v+m)) R + (m / (v+m)) C$ where: $R$ = average for the movie (mean) = (Rating) $v$ = number of votes for the movie = (votes) $m$ = minimum votes required to be listed in the Top 50 (currently 1000) $C$ = the mean vote across the whole report (currently 6.8) Now, I was wondering how I would implement it for my situation.
Then divide cost by the total number of units. The weighted average cost on January 17 is $8.09. The inclusion of the units costing $8.25 increased the weighted average cost slightly. Using $8.09 as the unit cost, calculate the cost of the sale.