Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 3.00

average costing method

From what we have been learning when it comes to accounting for inventory under the FIFO, LIFO, and the average costing method, I just need the average costing method clarified. I understand the First In, First Out concept and Last in, First Out. These are pretty similar you are just working backwards. They mirror each other in a sense. I am just a bit confused on how the average costing method plays into it and why a company would use this method in the first place. It seems that you would have to do more Math in this method.

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 10:08 PM My Price 3.00

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