3) How it's changed: While affirmative action is usually spoken of in general terms, there is no singular policy or implementation of the ways in which affirmative action take shape in government organizations, colleges and corporations varies.
(December 2009). Under the 'Average Cost Method', it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period. The average cost is computed by dividing the total cost of goods available for sale by the total units available for sale.
1 LIFO (last-in, first-out) is the opposite assumption: The newest units of inventory are sold before older units are sold. 2  The average cost method is a formula for calculating CoGS and ending inventory based upon the average cost per unit of inventory available for sale over a given period. The periodic method of inventory involves doing an inventory count at the end of each period, then mathematically calculating Cost of Goods Sold. 2  FIFO (first-in, first-out) is the assumption that the oldest units of inventory are sold before the newer units.