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.
Process Costing â Weighted Average Method. Process costing system is used for standardized production processes. Whenever a process cost sheet is prepared for a department, the department most likely has some unfinished units either in its beginning work in process, closing work in process or both.nlike FIFO method, which assumes costs introduced first into a department are transferred out first, weighted average method does not assume any specific order. Process costing under weighted-average method involves the following steps: