Revision 1 1.0 / 5 based on 1 rating ? AccountingA2/A-levelAQA Created by: FletchykinsCreated on: 09-10-12 18:15 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
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