Drug-free Workplace Policies. Whether or not your employees come under the requirements of state or federal drug-free workplace regulations, you may choose to create a drug-free workplace policy and/or include a drug-free workplace provision in your employee handbook.
Entry price refers to the purchase price of an asset/liability that is determined based on the amount required to exchange the asset or liability in an orderly transaction between market participants. Exchange refers to the sale of the asset or transfer of the liability at the measurement date.
Because this is a perpetual average, a journal entry must be made at the time of the sale for $87.50. The $87.50 (the average cost at the time of the sale) is credited to Inventory and is debited to Cost of Goods Sold. After the sale of one unit, three units remain in inventory and the balance in the Inventory account will be $262.50 (3 books at an average cost of $87.50).