Inventory valuation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2011
What are the methods of inventory valuation generally used by companies?
23 September 2011
FIFO or average method.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
23 September 2011
If inventory interchangeable then specific identification otherwise FIFI OR WAC.
Regards,
CS Sumat Singhal
Regards,
CS Sumat Singhal
28 September 2011
Ya Sumit is absolutly right. The above is presribed as per AS-2. Standard costing is also allowed
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