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Valuation of Inventories

Valuation of Inventories

Inventories are valued at different methods depending upon the situation and nature of manufacturing process. Some of the major methods of inventory valuation are mentioned as follows:

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1. First in First Out Method (FIFO)

2. Last in First Out Method (LIFO)

3. Highest in First Out Method (HIFO)

4. Nearest in First Out Method (NIFO)

5. Average Price Method

6. Base Stock Method

7. Standard Price Method

8. Market Price Method

Valuation of Inventories Valuation of Inventories Reviewed by Ikpokolo Francis on Wednesday, August 16, 2017 Rating: 5

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