5. Average Cost Method

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Last updated 4:49 AM on 8/31/26
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4 Terms

1
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Goods available for sale at cost (retail inventory method, average cost)

Beginning inventory + Purchases at cost + Freight-in - Purchase returns at cost

2
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Goods available for sale at retail (retail inventory method, average cost)

Beginning inventory + Purchases at retail - Purchase returns at retail + Net markups - Net markdowns

3
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4 flashcards

4
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need 4 flashcards