{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/27fb002f200c425a98dcd5b2fd5a3201\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/27fb002f200c425a98dcd5b2fd5a3201-8e1b00aa133ad9ac.gif","duration":433.199,"title":"Turbo Inventory Weighted Average Cost Update","description":"This Loom explains how Turbo Inventory implements weighted average cost for more accurate perpetual inventory costing. It defines weighted average cost as the cost of goods available for sale divided by units available for sale, and shows where to switch a product’s costing method from last cost to weighted average cost. The video also covers batch level tracking, including how average cost can differ between batches over time and how adding batch-specific costs to sales orders improves margin accuracy. It demonstrates that closed receipts initially update stock but not weighted average until the supplier invoice is saved, and that supplier invoices recalculate and reset the average as needed. It concludes with improved lot-level valuation breakdowns and more accurate cost of sales and profit figures when transferring to accounting."}