Average Inventory

Business, Legal & Accounting Glossary

Definition: Average Inventory

Average Inventory

Full Definition of Average Inventory

The company does an evaluation of how much inventory they started with and what is left during the accounting period. A major factor that will affect this situation is whether the company loses inventory due to a manufacturing or mishandling.

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Page URL
Modern Language Association (MLA):
Average Inventory. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2021 https://payrollheaven.com/define/average-inventory/.
Chicago Manual of Style (CMS):
Average Inventory. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/average-inventory/ (accessed: November 30, 2021).
American Psychological Association (APA):
Average Inventory. PayrollHeaven.com. Retrieved November 30, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/average-inventory/

Definition Sources

Definitions for Average Inventory are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.