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Inventory valuation

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2011 What are the methods of inventory valuation generally used by companies?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
23 September 2011 FIFO or average method.
OM SAI SRI SAI JAI JAI SAI
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
23 September 2011 If inventory interchangeable then specific identification otherwise FIFI OR WAC.
Regards,
CS Sumat Singhal
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CA Pushpendra Gaur

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CA Pushpendra Gaur (Expert)
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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