The Average Costing Method Used by Companies. It is not always practical for a company to keep track of actual costs of each item in inventory.

Several methods exist for valuing inventory on hand. The university allows First-In, First-Out (FIFO) and Weighted Average methods. There are advantages and disadvantages to both, but each assigns a ...

Statistical Methods of Sales Forecasting. Various statistical forecasting methods exist designed for use with slow-moving products, new product introductions, stable mature products and products ...