average cost (AVCO) method



Inventory costing method based on the average cost of inventory during a period. AVCO is computed by dividing the cost of goods in inventory by the number of goods in inventory at any point in time.

Use this term in a sentence

Related Videos


Have a question about this term? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z