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