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 several layers of costs that must be treated as inventory. The Internal Revenue Service provides guidance under IRC Sec. 471 for the inclusion in inventory of direct costs and certain indirect costs. Direct costs are the costs of grapes, bottles, corks, labels, and direct labor. Indirect costs that are required to be included in inventory are certain repairs, maintenance, utilities, rent, indirect and supervisory labor, indirect materials and supplies, tools and equipment, and inspection.