Standard cost vs Average cost
Posted: Wed Nov 10, 2010 2:25 am
Hi,
Can anyone tell me what is the difference between standard costing and Average costing. Will there be any difference in the journals entries created during the receipt of the inventory.
Regards,
Shashi.
Can anyone tell me what is the difference between standard costing and Average costing. Will there be any difference in the journals entries created during the receipt of the inventory.
Regards,
Shashi.