cost method

cost method

The process that determines the cost of each inventory item. Generally accepted methods of costing include average cost method, standard cost method, first-in, first-out method (FIFO), and last-in, first-out method (LIFO).

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Retail
Category: Others
Company: Others
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

cost method of valuation

Financial services; Real estate investment

The cost method of valuation is the method of determining the value of property by subtracting the estimated depreciation on the building from the cost to replace the property.

actuarial cost method

Accounting; Auditing

Accounting technique used in computing the present value of future benefits (payable to the pension plan participants) and fund administration expenses, and in assigning these ...

average cost method

Accounting; Tax

Inventory costing method based on the average cost of inventory during the period Average cost is determined by dividing the cost of goods in inventory by the number of units of ...

Varsågod

Others; Others

here you are, there you are; said when you hand something over to someone

DTS

Manufacturing; Others

DTS is a series of multichannel audio technologies owned by DTS, Inc. (NASDAQ: DTSI, formerly known as Digital Theater Systems, Inc.), a company specialising in digital surround ...

JBL

Manufacturing; Others

JBL is an American audio electronics company currently owned by Harman International. It was founded in 1946 by James Bullough Lansing. Their primary products are loudspeakers and ...

evocative

Miscellaneous; Others

evoking or tending to evoke an especially emotional response

infuse

Miscellaneous; Others

1 a : to cause to be permeated with something (as a principle or quality) that alters usually for the better b : introduce, insinuate 2 : inspire, animate 3 : to steep in ...

sympathetic

Miscellaneous; Others

1 : existing or operating through an affinity, interdependence, or mutual association 2 a : appropriate to one's mood, inclinations, or disposition b : marked by kindly or pleased ...

Terms in the News

Featured Terms

Harry8L

0
Terms
0
Blossaries
1
Followers

Industry/Domain: People Category: Musicians

Pussy Riot

Pussy Riot is a Russian feminist punk-rock band based in Moscow. The band was founded in August 2011 and stages politically provocative performances ...