If someone who had never watched Game of Thrones â or read the original written series A Song of Ice and Fire â asked who the main character was, what would you say? Though many point to Jon Snow, Tyrion Lannister, and Daenerys Targaryen as the main protagonists, narrowing it down to just one is tough. Thanks to the beauty of statistical analysis and network science, we finally have an answer: Tyrion Lannister.
As you can see, the average cost moved from $87.50 to $88.125âthis is why the perpetual average method is sometimes referred to as the moving average method. The Inventory balance is $352.50 (4 books with an average cost of $88.125 each).
Next lesson: Sales, Cost of Goods Sold, Gross Profit. The FIFO method, LIFO method and Weighted Average Cost method are three ways of valuing your inventory. In this lesson we're going to look at all three methods with examples. At the end of each period (month or year) one should do a physical inventory count to determine the number of inventory on hand.