Average Cost

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Uprhingl3102-007 RENE

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Operations and Supply Chain Management in the Metal Industry (1)

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Chapter 2 AIS

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TANTANGAN MANAJEMEN ASET DI MASA DEPAN

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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?