Math, asked by manjurawat586, 1 month ago

explain the method please of average

Answers

Answered by ImperialAngel

4

Step-by-step explanation:

✤The average cost method assigns a cost to inventory items based on the total cost of goods purchased or produced in a period divided by the total number of items purchased or produced. The average cost method is also known as the weighted-average method. ✤

Answered by venkatarayanam55

3

sum of observations
Average =———————————
No of observations

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