Photos are intended for general color reference only. Refer to Color Chart for actual color samples. Hawthorne Starfire Acrylic Urethane Auto Paint is a premium quality, single-stage OEM/Refinishing System which provides excellent gloss and durability in an easy to apply economical single-stage package.
Average Cost Flow Assumption. A calculation used by companies to monitor inventory goods. The average cost flow assumption is one of a variety of cost flow assumption methods used to determine the cost of goods sold (COGS) and ending inventory. Companies use one or more methods to make certain assumptions regarding which goods have been sold and which remain in inventory.
When using the periodic method of inventory, Cost of Goods Sold is calculated using the following equation: Beginning Inventory + Inventory Purchases â End Inventory = Cost of Goods Sold. This equation makes perfect sense when you look at it piece by piece. 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.