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According to the window of vulnerability model (Lau,Jacobs Quadrel,& Hartman,1990) ,
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting the cost of goods sold.
Weighted Average Periodic Method
An inventory costing method where goods are valued at an average cost, calculated periodically, taking into account the weight of each purchase.
Ending Inventory
The total value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus cost of goods sold (COGS).
Lower-of-cost-or-market
An accounting principle requiring that inventory be recorded at the lower of either its original cost or its current market price.
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