Craftybase → Stocksmith · Same team, same software — just a new name. You're in the right place.
Inventory management, manufacturing, and business strategy for small-batch product businesses.
bookkeeping tax
The weighted average cost method calculates inventory value by averaging purchase costs across all units on hand. Here's how it works and why small manufacturers use it.
Not sure whether to use FIFO, LIFO, or weighted average cost for your product business? Here's what each method means in practice — with real production examples — and which one Stocksmith uses automatically.
