Inventory: Inventory Value -- Average Cost Method - Formula Solver! Series

College-Cram.com:: Business Math:: Inventory:: Inventory Value -- Average Cost Method - Formula Solver! Series

This page is Sponsored by:

Description: Use this Formula Solver! Series program to learn how to calculate Inventory Value with the Average Cost Method. It's great for checking your homework answers, too!

College-Cram can help you get
better grades in less time!

Inventory Value -- Average Cost Method

Click one of these Keywords for more resources on the topic: average cost inventory valuation, average cost method, average cost method inventory valuation, business, business, business math, cost, cost of goods sold, Formula Solver!, inventory, inventory method, inventory valuation, inventory valuation method, inventory value, math, valuation, valuation method

College-Cram can help you get
better grades in less time!

2 Presentation Comments

I agree with the formula solver, but my homework does not list the answer as one of the options. How do sales figure into the formula (perpetual inventory)? How do you calculate as some sales are made, inventory is left over, then new purchases are made at different costs? How do you add in the old inventory?

Ann on Monday, 10 March 2008, 09:38 CDT |
That's a good question, Ann. Perpetual inventory is a method of valuation that we haven't yet covered. Esentially, it keeps track of things in real time instead of periodically counting/calculating.
We'll get something together to cover that shortly.

Professor Cram on Monday, 10 March 2008, 12:23 CDT |