Moving Average Price
Materials are subjected
to price fluctuations on a regular basis
Raw materials, spare
parts etc are generally use the moving average price because they have to be
evaluated accurately. Generally used for purchased materials.
Standard Price
The semi-finished goods and finished
products are valuated with standard price because of the product costing angle.
If these were to be moving average controlled, then finished/semi-finished
product valuation would fluctuate due to data entry errors. This is not a standard accounting and
costing practice.
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