Avco

What is Avco?

1.

Stock control method. Whereas issues using fifo (first in, first out) and lifo(last in first out) base stock issue prices at the first/last issue, avco (weighted AVerage COst) takes the mean cost of stock and issues at that price.

We account for stock issues using avco.

See Kung-Fu Jesus

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Avco Edit Meaning

1.

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Avco