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.
A. The lower of cost or market rule sometimes causes the book value of inventory to be written down below cost, but will never cause the book value of inventory to be increased above cost. B. The amount of inventory write-down is an expense which most companies report as cost of goods sold. C. Lower of cost or market is an inventory cost method used to determine cost of goods sold and ending inventory. D. The lower of cost or market rule is based on the conservatism concept. Lower of cost or market is an inventory cost method used to determine cost of goods sold and ending inventory.