Unit Cost

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Average costing
Under the average-cost method, it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period. Average cost is computed by dividing the total cost of goods available for sale by the total units available for sale. This gives a weighted-average unit cost that is applied to the units in the ending inventory.
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WordNet 2.0 DictionaryDownload this dictionary
unit cost
Noun
1. calculated cost for a given unit of a product
(hypernym) cost



MONASH Marketing DictionaryDownload this dictionary
Unit Cost
see Average Cost.

2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.

Raynet Business | Marketing DictionaryDownload this dictionary
Unit Cost
the price of one unit of a product.

Copyright © 2001, Ray Wright

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