I have two tables
WAC table
ID wac_inc item
-- ----------------- ----
1 2.310000000000000 A
2 1.10000000000000
You can transform a series of multiplications into a series of additions with the following math trick:
exp(log(a) + log(b)) = a * b
So MUL(a) is EXP(SUM(LOG(a))).
SELECT SUM(val) AS [Sum], EXP(SUM(LOG(val))) AS Product
FROM (VALUES
(1), (2), (3), (4)
) x(val)
This emits sum = 10, product = 24.
Potential problems are rounding errors and zero factors.
You can now use one of the usual ways to achieve a running aggregate such as windowing functions. That's a solved problem.