Home > Terms > English, UK (UE) > 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
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Retail
  • Category: Others
  • Company: Others
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Weather Category: General weather

Pogonip

A dense fog containing ice particles, pogonip is one of five types of fog. It is also identified as ice fog.

Featured blossaries

Feminist Killjoys

Category: Other   2 2 Terms

Weather

Category: Arts   1 33 Terms