inventory cost
31inventory valuation — stock valuation The valuation of stocks of raw material, work in progress, and finished goods. According to Statement of Standard Accounting Practice 9, stocks should be valued at the lower of cost or net realizable value and the costs incurred… …
32inventory — 1. Supplies used and goods manufactured in *production processes. Inventory is normally categorized into (i) *raw materials, (ii) *work in process, and (hi) *finished goods. Under most systems of * Generally Accepted Accounting Principles,… …
33Cost report — A cost report is a filmmaking term for a weekly report, compiled by the Production Accountant, detailing the costs to date, costs this week and estimate of the costs to complete the film. There are many other types that are related to multiple… …
34cost accounting — The recording and analysis of *costs for management information purposes. Cost accounting often focuses on the costing of *units of inventory, for which there are several methodologies, including *absorption costing, *activity based costing, and… …
35inventory — Synonyms and related words: abundance, account, account book, accounts, accounts payable ledger, accounts receivable ledger, accumulation, active list, add up, amassment, annals, assemblage, assembly, audit, backlog, balance, balance sheet,… …
36inventory — The list of the stock of raw materials, goods in production, or finished goods owned and stored by a company, including details of their cost, value, and price. In a retail store, a similar list of items for sale …
37Average cost method — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
38Moving-Average Cost — is a method of calculating Ending Inventory cost. Assume that both Beginning Inventory and beginning inventory cost are known. From them the Cost per Unit of Beginning Inventory can be calculated. During the year, multiple purchases were made.… …
39Carrying Cost Of Inventory — This is the cost a business incurs over a certain period of time, to hold and store its inventory. Businesses use this figure to help them determine how much profit can be made on current inventory. It also helps them find out if there is a need… …
40Weighted Average Cost — is a method of calculating Ending Inventory cost. It takes Cost of Goods Available for Sale and divides it by the total amount of goods from Beginning Inventory and Purchases. This gives a Weighted Average Cost per Unit. A physical count is then… …
