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.
There are two cost-flow assumptions: first-in-first-out (FIFO) and weighted average. In the weighted average method of process costing, the costs are averaged out and evenly applied to both units transferred out and units in closing work in process.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: