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moving average price

A price that changes in consequence of goods movements and the entry of invoices, and which is used to valuate a material. The moving average price is calculated by dividing the value of the material by the quantity of material in stock. It is automatically recalculated by the system after each goods movement or invoice entry.

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  • Part of Speech: noun
  • Industry/Domain: Software
  • Category: ERP
  • Company: SAP

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  • Kristen
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