The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method.
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How is the cost of discontinuing inventory calculated?</h3>
- The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method. The idea behind this approach is to give all inventory units an average cost.
- In this scenario, the average of the purchase costs from April 5 to April 22 would be taken and multiplied by the number of remaining units to get the cost of the ending inventory on the balance sheet.
- The five pieces cost a total of $69 ($10 + $12 + $14 + $16 + $17) between April 5 and April 22. The remaining four units would make up the ending inventory as one unit was sold on April 25.
- Therefore, $17.25 ($69 divided by 4) would be the price of the closing inventory. As the cost of the ending inventory, this sum would be shown on the balance sheet.
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D, sounds like your answer
MSE is an abbreviation for mean-squared-error and it typically encompasses both variance and bias of a statistical population.
<h3>What is a gamma distribution?</h3>
A gamma distribution can be defined as a two-parameter family of continuous probability distributions which can be described or modeled with a finite number of parameters (α and β).
In probability theory and statistics, MSE is an abbreviation for mean-squared-error and it typically encompasses both variance and bias of a statistical population.
Mathematically, the mean-squared-error (MSE) of a given parameter ˆθ is given by Eθ[(ˆθ - θ)²].
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