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Average Cost Flow Assumption
(redirected from Average costing)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.03 sec.
Average Cost Flow Assumption
A way to calculate the costs in which one weights the cost of inventory and the cost of goods sold against the value of inventory at the time a report is made. It is also called the average cost flow assumption.


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New figures estimate the average costing of filling a job vacancy to be pounds 4,800.
This is in addition to the new costing infrastructure for the support of LiFo, FiFo and average costing.
Special note: If your mill runs colors, average costing is especially dangerous.
 
 
 
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