Inventory, manufacturing process, business success topics for small DTC manufacturers.
bookkeeping tax
Weighted average costing is IRS-approved, GAAP-compliant, and the right choice for small-batch makers with fluctuating material costs. Here's why — and how Craftybase automates it.
The weighted average cost method calculates inventory value by averaging purchase costs across all units on hand — here's how it works and why makers use it.
Not sure whether to use FIFO, LIFO, or weighted average cost for your handmade business? Here's what each method means in practice — with real maker examples — and which one Craftybase uses automatically.
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Because they don't know what their products actually cost to make.
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