Assertion: inventory's cost | /r/HasProperty | calculated
Facets:
value: by multiplying the moving average
type: MANNER
Source sentences:
text: Weighted average cost per unit is calculated as follows:
text: The cost of goods sold is the net acquisition cost of merchandise obtained and sold to customers during an operating period and is calculated by adding the value of the beginning inventory, the cost of new inventory items, and transportation costs, and then by subtracting the ending inventory amount (see Table 1).
text: This weighted average would remain unchanged until the next purchase occurs, which would result in a new weighted average cost to be calculated.
text: The cost of goods sold for each sale is calculated by multiplying the moving average at the time by the number of items sold.
text: Cost of goods sold is calculated as: