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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.

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Lean Tools Kit LT IMBA Sep16

par Felipe Quintana

welding process

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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.

Central topic

Lean Tools Kit LT IMBA Sep16

welding process

Sample Mind Map

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

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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.

Central topic

Lean Tools Kit LT IMBA Sep16

welding process

Sample Mind Map

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?

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Mindomo

Plus d'infos

Questions fréquentes