A weighted average cost used with the periodic inventory system. To learn more, see Explanation of Inventory and Cost of Goods Sold.
Featured Review
"AccountingCoach PRO Plus was a great asset in my job hunt. I was tested on essential accounting skills and concepts and did great. After trying to review textbook material in preparation for my first accountant job, I found myself struggling with the structure and presentation of the material. I decided to use AccountingCoach and attain 3 certificates. The material is very accessible and well structured and the tests and flashcards are great practice to reinforce your knowledge. In 4 days of constant study I improved my confidence and earned the 3 certificates. PRO Plus is worth it and I highly recommend it." - Jose Z.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,645 reviewsWe now offer 10 Certificates of Achievement for Introductory Accounting and Bookkeeping: