In accounting records goods’ price assigned using a moving average. When accounting for goods that are readily available with small cost fluctuations and reduces margin variations businesses are more likely to use a moving average price. A manufacturing company could assign a moving average price to its raw materials and machinery’s spare parts, as examples.
What is MOVING AVERAGE PRICE (MAP)?
- AUTOREGRESSIVE MOVING AVERAGE (ARMA) MODEL
- MOVING AVERAGE
- EXPONENTIAL MOVING AVERAGE (EMA)
- MOVING AVERAGE INVENTORY COST
- AUTOREGRESSIVE INTEGRATED MOVING AVERAGE (ARIMA) MODEL
- MOVING AVERAGE INVENTORY METHOD
- AVERAGE PRICE OPTION
- AVERAGE PRICE PER SHARE
- AVERAGE DOWN
- FIXED PRICE CONTRACT WITH ECONOMIC PRICE ADJUSTMENT
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