Photos are intended for general color reference only. Refer to Color Chart for actual color samples. Hawthorne Starfire Acrylic Urethane Auto Paint is a premium quality, single-stage OEM/Refinishing System which provides excellent gloss and durability in an easy to apply economical single-stage package.
Average Cost Flow Assumption. A calculation used by companies to monitor inventory goods. The average cost flow assumption is one of a variety of cost flow assumption methods used to determine the cost of goods sold (COGS) and ending inventory. Companies use one or more methods to make certain assumptions regarding which goods have been sold and which remain in inventory.
There are two cost-flow assumptions: first-in-first-out (FIFO) and weighted average. In the weighted average method of process costing, the costs are averaged out and evenly applied to both units transferred out and units in closing work in process.rocess costing system is used for standardized production processes. Whenever a process cost sheet is prepared for a department, the department most likely has some unfinished units either in its beginning work in process, closing work in process or both.