moving average price (MAP)
Definition
The price assigned to goods using a moving average in accounting records. Businesses are more likely to use a moving average price when accounting for goods that are readily available and have small fluctuations in cost, which reduces variations on margins. For example, a manufacturing company could assign a moving average price to its raw materials and spare parts for its machinery.
moving average price (MAP) is in the Accounting & Auditing, Advertising, Marketing, & Sales and Industries, Manufacturing, & Technology subjects.
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