johnatan

What is SIMPLE AVERAGE method?

I want to know the brief description of SIMPLE AVERAGE method and its advantages.

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karta

Simple Average method calculates average market and cost price.

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pararijka

Average price includes a mix of market and cost price.

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beatryx

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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