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Can we use more than one method of inventory calculation in the same year ?

Examples on above question: use the FIFO in raw material transactions and use moving average in final products transactions

Accounting Warehousing Costing Inventory
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Question added by Mohammad Zaid abu odeh , Senior Accountant , Mega Food Industries And Products Exports L.L.C
Date Posted: 2015/05/10
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Saidul Alam
by Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

No , According to IAS2 - there is no option to use two different method of inventory calculation single financial year.

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