The Ending Inventory Average Cost Method is a commonly used inventory valuation method, which states that when calculating the value of your ending inventory and cost of goods sold, you should use an average cost per unit instead of the specific cost for each item. By using this method, you can ensure the accuracy of your inventory costs without having to account for individual items. It’s easy to understand, simple to implement, and makes tracking inventory more efficient – giving business owners one less thing to worry about!