3) How it's changed: While affirmative action is usually spoken of in general terms, there is no singular policy or implementation of the ways in which affirmative action take shape in government organizations, colleges and corporations varies.
(December 2009). Under the 'Average Cost Method', it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period. The average cost is computed by dividing the total cost of goods available for sale by the total units available for sale.
The main difference between weighted average cost accounting, LIFO, and FIFO methods of accounting is the difference in which each method calculates inventory and cost of goods sold. The weighted average cost method uses the average of the costs of the goods to assign costs.et's say you are a furniture store and you purchase 200 chairs for $10 and then 300 chairs for $20, and at the end of an accounting period you have sold 100 chairs. The weighted average costs, FIFO, and LIFO costs are as follows: