average method definition
average method is the inventory management method by which, except as provided for in paragraph 4 below, the origin of fungible goods or materials withdrawn from an inventory is based on the ratio, calculated under the following formula: where: ROM= ▇▇▇ x 100 TONM ROM: ratio of originating fungible goods or materials; ▇▇▇: total units of originating fungible goods or materials in the inventory prior to the shipment; and TONM: total sum of units of originating and non-originating fungible goods or materials in the inventory prior to the shipment.
average method. . This means that the costs of acquiring all Securities of the same type and class as the sold Securities are added together and the average acquisition cost is calculated collectively, with respect to changes to the holding.
average method means the method by which the origin of fungible materials withdrawn from materials inventory is based on the ratio, calculated under section 4, of originating materials and non-originating materials in materials inventory. (méthode de la moyenne)
More Definitions of average method
average method means the method by which the origin of fungible goods withdrawn from finished goods inventory is based on the ratio, calculated under section 9, of originating goods and non-originating goods in finished goods inventory. (méthode de la moyenne)
average method. ’ means the method by which the origin of fungible materials withdrawn from materials inventory is based on the ratio, calculated under sec- tion 5, of originating materials and non-originating materials in materials in- ventory;
average method. ’ means the method by which the origin of fungible goods with- drawn from finished goods inventory is based on the ratio, calculated under sec- tion 12, of originating goods and non-originating goods in finished goods inven- tory;
average method means the method by which the origin of fungible materials withdrawn from materials inventory is based on the ratio, calculated under section 5, of originating materials and non-originating materials in materials inventory; “FIFO method” means the method by which the origin of fungible materials first received in materials inventory is considered to be the origin of fungible materials first withdrawn from materials inventory; “LIFO method” means the method by which the origin of fungible materials last received in materials inventory is considered to be the origin of fungible materials first withdrawn from materials inventory; “materials inventory” means, (a) with respect to a producer of a good, an inventory of fungible materials that are used in the production of the good, and (b) with respect to a person from whom the producer of the good acquired those fungible materials, an inventory from which fungible materials are sold or otherwise transferred to the producer of the good; “opening inventory” means the materials inventory at the time an inventory management method is chosen; “origin identifier” means any mark that identifies fungible materials as originating materials or non-originating materials. General SECTION 2.
average method means the method by which the origin of fungible goods withdrawn from finished goods inventory is based on the ratio, calculated under section 12, of originating goods and non-originating goods in finished goods inventory; “FIFO method” means the method by which the origin of fungible goods first received in finished goods inventory is considered to be the origin of fungible goods first withdrawn from finished goods inventory; “finished goods inventory” means an inventory from which fungible goods are sold or otherwise transferred to another person; “LIFO method” means the method by which the origin of fungible goods last received in finished goods inventory is considered to be the origin of fungible goods first withdrawn from finished goods inventory; “opening inventory” means the finished goods inventory at the time an inventory management method is chosen; and “origin identifier” means any mark that identifies fungible goods as originating goods or non-originating goods. General SECTION 11.