Sec. 451.262. Weighted average

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A simple average of items reduced to a common basis. For example, purchases of certain raw material are made during a given month as follows:
Units Price each Total cost
150 $1.50 $225.00
175 1.40 245.00
50 1.32 66.00
65 1.30 84.50
440 $5.52 $620.50
The simple average of prices paid is $5.52 ÷ 4, or $1.38; but the weighted average would be the total cost divided by the number of units purchased: $620.50 ÷ 440, or $1.41.

Units	Price each	Total cost
150	$1.50	$225.00
175	1.40	245.00
50	1.32	66.00
65	1.30	84.50
440	$5.52	$620.50

                    
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