Cost Method

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Definition: Cost Method

Cost Method
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Full Definition of Cost Method

Inventory management: The method by which a company values inventory which is based on the actual cost of acquisition without regard for the cost of transportation and storage.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cost-method/
Modern Language Association (MLA):
Cost Method. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/cost-method/.
Chicago Manual of Style (CMS):
Cost Method. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cost-method/ (accessed: April 23, 2024).
American Psychological Association (APA):
Cost Method. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cost-method/

Definition Sources

Definitions for Cost Method 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.