moving average inventory cost
Definition
Inventory costing method used under a perpetual inventory system whereby, after each acquisition, average unit cost is recomputed by adding the cost of acquired units to the cost of units in inventory and dividing by the new total number of units.
Popular 'Accounting & Auditing' Terms
moving average inventory cost in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/moving-average-inventory-cost.html
