In one sentence, describe what the following article is about: Average cost is not only an acceptable reporting method but also can be a helpful way to think about the products in your inventory over a longer scale of time. Add all inventory purchase prices for a single product type together and divide by the number of products purchased to get the average cost. For example, $1.00 + $1.50/2 = $1.25 average cost. If instead your company purchases raw materials and then produces its own inventory, this process will require some subjective judgement. Set aside a time period and a number of inventory units produced. Add the total cost (often estimated) of both the materials and the labor specifically used to make the product. Now divide by the total inventory units produced in that time.  Always be certain you are abiding by the appropriate laws and regulations governing your company's accounting practices as there are regulations governing how to compute inventory cost of produced goods. This cost will certainly vary by product but may vary with the same product over time. Note the amount of inventory on hand at the start date and again at the end date. Multiply the average cost by the difference between your beginning and ending inventory. The total spent on widgets is $1.25 x 20 widgets = $25. With 15 widgets sold, the total COGS under this method is $18.75 (15 x $1.25).  Companies use the average cost method when their products are easily substituted or physically indistinguishable from each other, such as commodities like minerals, oil and gas.  Most companies that use the Average Cost Reporting Method compute the average cost of goods on a quarterly basis.
Summary: Find out the average cost of purchased inventory. Find out the average cost of the goods you produced. Take a physical inventory count. Calculate COGS using the average cost.

In one sentence, describe what the following article is about: When you first sign in to Google Play Music, there will be a link in the top-right corner that says “Upload Music.” Click this link and you will be taken to the download page for Music Manager. Download and install the program. You will be prompted to enter your Google login information. After you sign in, you will be asked if you wish to upload songs, or download them. Select Upload and click next. Music Manager will ask where it should scan for music files.  If you use iTunes, select the first option and Music Manager will convert your iTunes files so that they can be added to your library. If you have a library built in Windows Media Player, choose the second option to import the files. You can also tell Music Manager where to look specifically on your computer, including My Music folder or any other folder you specify. Music Manager will automatically begin uploading your songs to your Google Play Music account. This could take quite a while depending on your connection.  Any new songs that are added to the folders that you specify are automatically added to your Google Play Music library when the Music Manager is running. You can upload up to 20,000 of your own songs for free. Any song you purchase from the Google Play Store is added to your library. These songs do not count towards your 20,000 song limit. They can be downloaded to your computer through the Music Manager.
Summary: Download the Music Manager. Sign in to Music Manager. Add your library. Wait for songs to upload. Add more music.

In one sentence, describe what the following article is about: Writing down the information yourself--rather than borrowing a set-- is more effective. The process itself helps the learning and memorization process. Plus, this will help you summarize the information in a way that makes the most sense to you. It can be tempting to borrow someone else’s flashcards, but this won’t help you nearly as much as making your own. When you make your flashcards, make sure you write them on thick cards or paper. You need to make sure you can’t see through the paper to get the answer on the other side.   If you are making your own cards, be sure that they are all the same size. You don’t want different sizes of cards giving away the answers. Otherwise, you aren’t memorizing the connection between the terms and explanations, but just what each size card says. That won’t be very helpful when you’re taking the test. A package of index cards is usually a great starting point, as they will all be the same size and made of nice, thick paper. Plus, one side usually has lines, helping you write neat sentences to explain concepts. Of course, it is better to use regular paper if you must than no flashcards at all! Avoid waiting until the night before the exam to put together your flashcards. Instead, make a nice pile right after class or school. That is when the information will be freshest in your mind, and you won’t have to try and remember everything when you start making the cards. This is also a good way to come up with questions to ask your teacher. If while making your cards, you come across a term that you can’t write a good card for, ask your teacher about it in the next class. Write down the answer on the back of your card, and you’ve got a pre-made flash card ready to join the others. In general, limit your cards to one word or one sentence. The less you need the remember for each card, the easier it will be the memorize it.  Make sure you keep your information on each card limited to just a few words of information. For example, if you are studying for a history class, and are making a card for George Washington, you’ll want to limit your information. Using small bullet points like “Commander during the American Revolution,” “First President of the United States,” and “Father of the Country” is better than a paragraph listing every detail you can cram onto it. If you are using your flashcards to ask and answer questions, keep to one question per card. For a history card, don’t ask “Who was the first President, Vice President, Speaker of the House, and Chief Justice of the United States?” That is too much information at once. Not only will you have a hard time memorizing each piece of information, but also remembering which one is tied to which. In addition to the words on your cards, consider including a picture. Your brain is really good as remembering visual images, and adding them to your cards can help you associate them with words. These don’t need to be detailed drawings, just simple designs to help remind you of what you are looking at. This is particularly helpful for flashcards to study a foreign language. In addition to the vocabulary you are trying to use, sketching a small picture can help the word stick in your mind. While handmade flashcards are a common study tool, there are many new technologies out there for creating electronic cards. You can store these cards on a smartphone or laptop and have them accessible wherever you go. There are many different programs available for free that allow you to create a database of cards from your own notes as well as other people’s work. These programs can create games and other study methods to help you with memorization. Common software and websites for digital flashcards are Quizlet, Memrise and Anki. Sometimes they also couple with flashcards with spaced repetition.
Summary:
Make your own cards. Use thick paper. Make your cards early. Keep your cards simple. Use pictures. Use electronic flashcards.