Weighted average method which requires to use the weighted average cost per unit of inventory at the time of each sale.
fiho
-Project managers need a method for identifying changes -Project managers should implement only approved changes -Project managers' main activity in change control is reviewing, assessing, and deciding on change requests -Project managers must address changes promptly.
method of price asertainment
There are four processes of manufacturing a SS forged fittings. First is Mandrel method, as the name suggests a curved mandrel is inserted into a length of pipe. Extrusion Method consists of a machine that has the mould of the fitting into which the pipe inserted and come out in the shape of a fittings.Next is the UO method in which a piece of sheet is cut out and then it is pressed on an anvil that has the inverted shape of a fittings. Hot Forming Method is somewhat similar to Extrusion Method, here a piece of pipe goes through a mould of the fittings and come out in the needed shape.
The conventional route, aka the indirect reduction method, for making steel consists of sintering or pelletization plants, coke ovens, blast furnaces, and basic oxygen furnaces.
liner are easy to draw on paper.
Weighted Average
fifo
Weighted average inventory valuation method is method in which inventory purchased at any price is put together to calculate one price for allocation in contrast to FIFO or LIFO.
Following are inventory valuation methods: 1 - Lifo (Last in first out) 2 - Fifo (First in first out) 3 - Average method.
lifo
LIFO method
Wal-Mart uses the last-in/first-out method (LIFO).
Average Cost Method: Under this method average cost is calculated by following farmula:Average cost of unit= Total cost of inventory / total number of units
Inventory valuation methods: 1- LIFO (Last in first out) 2- FIFO (First in first out) 3 - Average Method
Revenue-Cost of Goods Sold(CGS)=Gross Margin. The valuation of inventory drives the cost of goods sold (CGS). The higher the value of your inventory, the higher your CGS, thus lower gross margin. The lower the valuation of your inventory, the lower your CGS, thus higher gross margins.
adjusted selling price method , retail price of the inventory is calculated and marjinal profit is deducted from it generally used in retail business also known as Retail inventory method
fifo