The average inventory refers to the average inventory of all raw materials, work in progress, finished products and all dead materials in hand.
Average inventory
Right!
The average inventory refers to the average inventory of all raw materials, work in progress, finished products and all dead materials in hand.
- Name
- Average inventory
- Object
- Raw materials
- Main body
- Products, finished products and all dull materials in hand
- Formula
- (Beginning inventory + ending inventory) / 2
Calculation formula: average inventory = (beginning inventory + ending inventory) / 2
