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Kategoriak: All - gas - costing - accounting - inventory

arabera Gunnar Goodman 8 years ago

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Average Cost

Average cost is a method used in accounting to determine the cost of goods sold (COGS) and ending inventory (EI). By calculating the average cost, businesses can assign a consistent value to their inventory and expenses.

Honelako gehiago

CHAPTER 1 The Goals and Functions of Financial Management

by Sofía Candelaria

Concept Map

by Ronald Ng

Lean Tools Kit IE MIM September 2018

by Felipe Quintana

ACCOUNTING: The Language of Business

by Azal Yarkhani

Average Cost

Average cost is a method used in accounting to determine the cost of goods sold (COGS) and ending inventory (EI). By calculating the average cost, businesses can assign a consistent value to their inventory and expenses.

CHAPTER 1 The Goals and Functions of Financial Management

Concept Map

Lean Tools Kit IE MIM September 2018

ACCOUNTING: The Language of Business

Floating topic

What is COGS?

Ending Inventory= $65000

Goods Available for Sale = 100,000

GAS=COGS + EI

EI=GAS less COGS

COGS=GAS less EI

Cost of Goods Sold COGS

Ending Inventory: EI

Goods Available for Sale: GAS

Inventory Cost Methods

Average Cost applies to both Inventory and Cost of Goods Sold

Average Cost

Average Cost is a Costing Method in Accounting

How do I find Average Cost?

Mindomo

Informazio

Ohiko galderak

Average Cost

Average cost is a method used in accounting to determine the cost of goods sold (COGS) and ending inventory (EI). By calculating the average cost, businesses can assign a consistent value to their inventory and expenses.

CHAPTER 1 The Goals and Functions of Financial Management

Concept Map

Lean Tools Kit IE MIM September 2018

ACCOUNTING: The Language of Business

Floating topic

What is COGS?

Ending Inventory= $65000

Goods Available for Sale = 100,000

GAS=COGS + EI

EI=GAS less COGS

COGS=GAS less EI

Cost of Goods Sold COGS

Ending Inventory: EI

Goods Available for Sale: GAS

Inventory Cost Methods

Average Cost applies to both Inventory and Cost of Goods Sold

Average Cost

Average Cost is a Costing Method in Accounting

How do I find Average Cost?

Mindomo zer den zabaldu

Mindomo

Informazio

Ohiko galderak