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This document provides a detailed list of weighted average unit prices for various construction items as specified under the Arkansas Department of Transportation guidelines from March 1, 2023, to February 28, 2024. It includes item descriptions, units, quantities, and contract prices for construction activities associated with the Arkansas transportation infrastructure.
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How to fill out weighted average unit prices

How to fill out weighted average unit prices
01
Gather all unit prices for the items you are evaluating.
02
Calculate the total number of units for each item's price.
03
Multiply the unit price of each item by the corresponding number of units to get the total cost for each item.
04
Sum all the total costs to get the overall total cost.
05
Sum all the units to get the total number of units.
06
Divide the overall total cost by the total number of units to get the weighted average unit price.
Who needs weighted average unit prices?
01
Businesses that manage inventory.
02
Financial analysts to assess profitability.
03
Accountants for accurate financial reporting.
04
Supply chain managers to evaluate cost efficiency.
05
Anyone involved in resource allocation and pricing strategies.
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What is weighted average unit prices?
Weighted average unit prices refer to the average price per unit of goods sold or purchased, calculated by weighting each unit's price according to the quantity sold or purchased, providing a more accurate representation of overall pricing.
Who is required to file weighted average unit prices?
Businesses that sell or purchase goods and are required to report pricing information, typically for regulatory or tax purposes, must file weighted average unit prices.
How to fill out weighted average unit prices?
To fill out weighted average unit prices, gather data on the quantities and unit prices of goods sold or purchased, calculate the weighted average by multiplying each unit price by its quantity, summing these values, and dividing by the total quantity.
What is the purpose of weighted average unit prices?
The purpose of weighted average unit prices is to provide a more precise reflection of costs, enabling better financial analysis, pricing strategies, and compliance with regulatory requirements.
What information must be reported on weighted average unit prices?
Reports must include the quantity of items, unit prices, calculated weighted average unit prices, and any relevant identification information for the items or transactions.
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