Answers (8)

karta 10-10-2012
karta - West Bengal State University
Simple Average method calculates average market and cost price.
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pararijka 10-10-2012
pararijka - Ankit Institute of Technology and Science
Average price includes a mix of market and cost price.
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beatryx 11-10-2012
beatryx - Kansas State University (KS)
SIMPLE AVERAGE method is a method in which Quantity of material is not considered, Average price is calculated and it can be used in mixed form of market and cost price. Source:http://in.docsity.com/en-docs/Accounting_-_Inventory_valuation_methods_-_Mrs_Roli_Pradhan
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