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What is the difference between pricing inventory and valuation inventory?
Wiki User
∙ 11y ago
in fact there is no diff.
Wiki User
∙ 11y ago
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Which inventory pricing method is being used when a company recalculates inventory prices every time a new item is added to the inventory?
Weighted Average
What is an example of an inventory accounting policy that should be disclosed in a summary of significant accounting policies is what?
Method used for inventory pricing.
What is the difference between target costing and cost-plus pricing?
Target Costing: It is the costing process in which company tries to reduces all costs of product to limit the selling price at specific targeted selling price. Cost Plus pricing: It is pricing method in which company uses all costs plus certain percentage of that cost as a profit margin to set selling price.
What do you mean by transfer pricing?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
Is the Retail Inventory Method accurate?
It is as accurate as any inventory method. It is much easier to take inventory at retail if you are on the floor counting the items because they are priced at retail. When you reconcile the number of units on hand vs the number purchased, you will know how many you sold or are not accounted for in the sales records. The term for those missing items is "shrinkage" and is a factor in GMROI. Theft of merchandise, mark downs and paperwork errors contribute to shrinkage....one important reason to take inventory. The problem with cost inventories (from my view) is that discounts, volume pricing and other variances to the cost of like items makes it hard for the inventory taker to determine which one was purchased at one cost, and which one at another. If the merchandise tags are coded and inventoried using those codes, the cost can be applied post inventory. A complete and accurate count, no matter how you do it, is what matters.
An inventory pricing procedure in which the oldest costs incurred rarely have an effect on the ending inventory valuation is?
FIFO
Does inventory affect paper pricing?
Inventory adjustments can produce large swings in paper pricing
What is the difference between GAAP costing and IFRS costing?
There are several costing items that has change in the adoption of IFRS, for in GAAP the stock valuation or material pricing adopted is LIFO and FIFO but in IFRS only FIFO is adopted etc
What term is there for a difference between Bid and Ask pricing measured in pips?
The term for the difference between Bid and Ask pricing measured in pips is called the "spread." It represents the transaction cost for trading a financial instrument.
An inventory turnover analisis is useful to the auditor because it may detect what?
inadequate in inventory pricing
What is the difference between the PLU and SKU?
PLU (Price Look-Up) codes are used to identify specific types of produce at grocery stores, primarily for inventory and pricing purposes. SKU (Stock Keeping Unit) codes are unique identifiers assigned to products by retailers to track inventory levels and sales. SKUs are used for a wider range of products beyond just produce.
What evp system means?
Estate Valuation Pricing Systems - its a program
What is the function of bar code system of receiving?
inventory and pricing
Which inventory pricing method is being used when a company recalculates inventory prices every time a new item is added to the inventory?
Weighted Average
What is the valuation of a financial asset based on?
In finance, valuation is the process of estimating what something is worth. The valuation of a financial asset is based on the absolute value, relative value, or option pricing models.
What is an example of an inventory accounting policy that should be disclosed in a summary of significant accounting policies is what?
Method used for inventory pricing.
What is the difference in Net and gross pricing in construction?
What is the difference in Net and gross pricing in construction?
