If someone who had never watched Game of Thrones â or read the original written series A Song of Ice and Fire â asked who the main character was, what would you say? Though many point to Jon Snow, Tyrion Lannister, and Daenerys Targaryen as the main protagonists, narrowing it down to just one is tough. Thanks to the beauty of statistical analysis and network science, we finally have an answer: Tyrion Lannister.
As you can see, the average cost moved from $87.50 to $88.125âthis is why the perpetual average method is sometimes referred to as the moving average method. The Inventory balance is $352.50 (4 books with an average cost of $88.125 each).
Unless you are using average costing then it is the current average cost. This is generally used with Perpetual inventory methods. Standard Cost = The standard cost for this item. Standard cost is generally fixed for a period of time (usually a year). Differences between standard and actual cost collect in an inventory variance account in the GL. This is generally used with Periodic inventory methods.