JD Edwards World Inventory Management - Version A7.3 cume 4 and later JD Edwards World Shop Floor Management - Version A7.3 cume 4 and later Information in this document applies to any platform.
Purpose
Weighted average cost is an inventory valuation method used to calculate the average cost of an item when different quantities of the item are purchased at different unit costs.
The average cost system uses a weighted average calculation formula to recalculate an item's per unit average cost. JD Edwards World software will calculate weighted average costs whether or not you are using Weighted Average as the current sales/inventory cost method. You can further define the system choosing to have the weighted average cost recalculated automatically on-line every time a transaction is completed or you can recalculate using a batch program. You may also select which programs will impact weighted average costs offering additional control of this cost calculation.
Scope
All users and all releases of JD Edwards World Software
Details
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