October 2017
Intermediate to advanced
806 pages
17h 3m
English
The equal split method divides the cost between different products available at the time of cost splitting. The total cost will be divided among the number of different products available:

The total cost of 500 will be divided between two products equally--250 per product. Then it will be allocated per quantity. The inventory valuation will look like this:

The cost per one quantity will be computed in inventory to compute the cost price. It will look like this:
|
Product |
Rate |
Qty |
By Method |
Cost/Qty |
|
Material |
70 |
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