Average Cost Calculator 1.1

Luke Stanise – Commercial – iOS
out of 7 votes

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Average Cost Calculator is a tool that simplifies the process of calculating the average cost of multiple items efficiently. This can encompass a variety of assets like stocks, units sold or purchased, or plain numerical values. The platform offers a user-friendly interface that streamlines the often cumbersome task of manual average cost computations.

To utilize the Average Cost Calculator, one needs to input the quantity of shares or units in the left column and their corresponding prices in the right column. Each row represents an individual purchase or sale transaction. By entering two or more rows of data and selecting "Click To Calculate!", users can swiftly determine the average cost.

The calculator operates by multiplying the shares/units with their respective prices for each row and subsequently dividing the total cost by the overall quantity of shares/units involved in the transactions.

For instance: ((Shares1 * Cost1) + (Shares2 * Cost2)) / (Shares1 + Shares2)

This straightforward application significantly economizes the time typically spent on manual average cost computations.

It is essential to note that at least two rows must be completed for an accurate calculation. Furthermore, valid numerical entries are mandatory in both columns. Users should refrain from including symbols like “$” or commas, employing only numerical values with decimals where appropriate.

The output is rounded off to two decimal places. Any results ending in zero as the final digit, such as 12.50 or 17.60, are presented with a single decimal place (e.g., 12.5 or 17.5).

Both fields within each row must be populated during calculations to avoid triggering an error message at the bottom of the page.

Begin your precise calculations with Average Cost Calculator today!

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