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Which of the three methods of inventory costing - FIFO LIFO or weighted average cost - will in general yield an inventory cost most nearly approximating current replacement cost?
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What is Weighted Average of Inventory Valuation Method?
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.
Is weighted average inventory valuation GAAP?
Yes, along with FIFO and LIFO, Weighted average is a generally accepted accounting principle.
In an inflationary environment which inventory cost flow assumption would produce the lowest inventory balance?
weighted average
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
Inventory valuation method that tends to smooth out erratic changes in cost?
Weighted Average
What is Weighted Average of Inventory Valuation Method?
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.
Is weighted average inventory valuation GAAP?
Yes, along with FIFO and LIFO, Weighted average is a generally accepted accounting principle.
The inventory valuation method that tends to smooth out erratic changes in costs is?
Weighted average method which requires to use the weighted average cost per unit of inventory at the time of each sale.
In an inflationary environment which inventory cost flow assumption would produce the lowest inventory balance?
weighted average
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
Inventory valuation method that tends to smooth out erratic changes in cost?
Weighted Average
What is weighted average method of inventory management?
The total value of material divided by the total quantiy of stock
What is the difference of evaluation of inventory between weighted average method and FIFO method?
A method of inventory accounting in which the oldest remaining items are assumed to have been the first sold. In a period of rising prices, this method yields a higher ending inventory, a lower cost of goods sold, a higher gross profit (assuming constant price), and a higher taxable income. Also called FIFO.Method in calculation in which the weighted averagezzor the period is the cost of the goods available for sale divided by the number of units available for sale. When the perpetual inventory system is used, the weighted average method is called the moving average method.
What is the valuation method used for valuating inventory as per Indian accounting standards?
Majority of the companies are following weighted average method to value inventories. In India, the Income Tax authorities only allow FIFO & Weighted Average Method.
Weighted average atomic mass?
What is weighted average atomic number
Under what conditions will the weighted average and FIFO methods give similar result?
These would yield similar results if your cost of purchasing inventory from suppliers has stayed relatively constant.
Is The Dow Jones Industrial Average a market value weighted or price weighted index?
The Dow Jones Industrial average is a price weighted index.
