Average Cost

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Revenue F&B

Ved Alexa Kachichian

Concept Map 1

Ved Jason Vogt

CURRENT ASSET MANAGEMENT

Ved Andrea Melendez Rodriguez

MIS567 - Session 1 - Processes

Ved Ignacio de la Torre

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?