Feb 19, · So if homework is worth 25% of your grade, the weight would be To find the grade, multiply the grade for each assignment against the weight, and then add these totals all up. So for each cell (in the Total column) we will enter = SUM (Grade Cell * Weight Cell), so my first formula is =SUM(B2 * C2), the next one would be =SUM(B3*C3 We would like to show you a description here but the site won’t allow blogger.com more you might want the homework assignments to count for 45% of the grade and the tests to count for 55% of the grade. If you have any problems, refer to Excel’s extensive Help menu. Excel offers some powerful tools to help you manage classroom logistics
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Most people know how to do a simple average, but have trouble with Weighted Average Inventory Method or WAC. Weighted averages are all around us, although you may not have realized it.
In most classes, your grade is calculated using a weighted average. Not all assignments count the same when calculating your final grade. Some assignments count more than others. Your professor is giving more weight to tests than to homework. Your final exam might have more weight than a regular exam.
In accounting, weight is given based on the number of units. What is the average cost? When dealing with large numbers of units, rather than adding them up homework help weighted averages, we can calculate the total cost of the units and divide by the total number of units.
Check out our video explanation at the bottom of the post! Weighted average periodic is probably the easiest of all the inventory methods. Since the calculation is done at the end of the period, we figure out the total cost of goods available for sale and divide by the number of units.
It is helpful to separate the purchases from the sales. The rest of the calculation is very simple at this point. The company sold units. There are units remaining in ending inventory — Because we rounded up when calculating cost per unit, we should expect our total to be a bit higher than the goods available for sale.
When doing a weighted average, always make sure to tie back to goods available for sale. If weighted average periodic is the easiest of all the methods, homework help weighted averages, the weighted average perpetual is the hardest.
It is not that the method is hard, it is just annoying because you must calculate a new weighted average cost for each sale, homework help weighted averages, based on the units available for sale at that time.
When doing weighted average perpetual, do not separate the purchases and sales. Perpetual inventory systems require the cost of goods sold to be calculated each homework help weighted averages there is a sale. Therefore, at the time of each sale, homework help weighted averages, we must calculate the weighted average cost of the units on hand at the time of the sale.
On January 7, the company sold units. We must calculate the average cost of the units on hand as of that date, homework help weighted averages.
We calculate the average cost by taking total cost divided by the number of units on hand. Does this make sense? Doing a mental check to make sure your numbers make sense homework help weighted averages a great habit to start! Now we can calculate the cost of the sale by taking the average cost per unit multiplied by the number of units sold. Next, calculate the value of the remaining units. There are units left.
We will use this figure in the calculation for January For the sale on January 17, we need to do another weighted average calculation. Add the 50 units purchased on January 12 to the units remaining and calculate the total cost of all those units.
Then divide cost by the total number of units. One more sale on January 31, so we need to do this calculation one more time. We can now calculate the total cost of goods sold for the month of January by adding the cost of goods sold for each sale.
Add cost of goods sold and ending inventory to see if it matches goods available for sale. In this case, there was some rounding so things may not be exact. Be patient when doing weighted average, especially under the perpetual method.
Homework help weighted averages back to goods available for sale to ensure you did your calculations correctly.
Do a quick mental check to make sure your weighted average cost per unit makes sense. If you take a few seconds to do these things, you will greatly increase the chance that your calculations are correct. Maybe you have been out of college for years, or you do just what it takes to get by.
STOP according to a recent study the average student with a GPA of 3. If you want to work in your field, you can learn to learn better, that is why this to help students have the sign up for my free training and have the best seme ster ever so when you earn your degree you homework help weighted averages earn more money. Hi Kristin, What happens if I end month 3 for example with an inventory total of units at a homework help weighted averages. Then in month 4 I continue buying this product and my average is 6.
Meaning how do I calculate two different averages together? To add to what I said to try make it clearer. How do I calculate the units at a 4, homework help weighted averages. As in what does the average become of that? Calculate the total cost of each of the groups, add them together and divide by the total number of units.
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page. Terms and Conditions - Privacy Policy. Share Tweet Share Share Pin. Homework help weighted averages Average Inventory Method? Periodic Weighted Average Inventory Weighted average periodic is probably the easiest of all the inventory methods. Perpetual Weighted Average Inventory If weighted average periodic is the easiest of all the methods, the weighted average perpetual is the hardest.
Perpetual Weighted Average Inventory Example Perpetual inventory systems require the cost of goods sold to be calculated each time there is a sale. Weighted Average Inventory Method Example video What if you need help with your study habits Maybe you have been out of college for years, or you do just what it takes to get by. Previous Post Depreciation Methods Next Post Long-term Assets.
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Math Lessons - How to Find Weighted Average
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Jul 08, · Student Example: Ava. Throughout the year, Ava has been acing her homework and getting A's and B's on most of her quizzes and essays. Her midterm grade was a D because she didn't prepare very much and those multiple-choice tests freak her out. Now, Ava wants to know what score she needs to get on her final exam in order to get at least a B- (80%) for her final weighted score Weighted averages are all around us, although you may not have realized it. In most classes, your grade is calculated using a weighted average. Not all assignments count the same when calculating your final grade. Some assignments count more than others. Your professor is giving more weight to tests than to homework. Your final exam might have you might want the homework assignments to count for 45% of the grade and the tests to count for 55% of the grade. If you have any problems, refer to Excel’s extensive Help menu. Excel offers some powerful tools to help you manage classroom logistics
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