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Sir,
In Kaplan it was mentioned that: “Using Continuous Weighted Average,the inventory is calculated or averaged after every purchase.
What I thought was that Using Continuous AVCO inventory is averaged during every sales.!Sir,What would be the right methodology?
They are the same thing.
Although the average is only needed after each sale, it is calculated on the purchases.Have you watched my free lectures on inventory valuation? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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