Revision 1

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First in first out abbreviation
FIFO
1 of 7
AVCO definition
Average Cost
2 of 7
Purpose of FIFO & AVCO
Valuating Inventories
3 of 7
Other method?
Periodic
4 of 7
Number of items held X ? =Inventory Value
Cost per item
5 of 7
NRV
Net Realisable Value
6 of 7
FIFO & AVCO method name?
Perpetual
7 of 7

Other cards in this set

Card 2

Front

AVCO definition

Back

Average Cost

Card 3

Front

Purpose of FIFO & AVCO

Back

Preview of the front of card 3

Card 4

Front

Other method?

Back

Preview of the front of card 4

Card 5

Front

Number of items held X ? =Inventory Value

Back

Preview of the front of card 5
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