average inventory definition

average inventory

Average of beginning and ending inventory. Formula: {Inventory (current period) + Inventory (prior period)} ÷ 2.

average inventory is in the Accounting & Auditing and Inventory Control & Storage subjects.

average inventory appears in the definitions of the following terms: inventory analysis, average age of inventory, inventory to working capital ratio, inventory days, rate of turnover, inventory to cost of sales ratio and inventory turnover

average inventory appears in these other terms: rolling average inventory, moving average inventory cost

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