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What are the ways to value inventory?

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Question added by abdulaziz khorshid , CREDIT MANAGER , RASHED ABDUL RAHMAN ALRASHED
Date Posted: 2015/12/10
Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

FIFO(First in First Out) and WAC(Weighted average cost) methods are used into inventory movement.Furthermore inventory as per IAS2 are measured at lower of cost and net realizable value

Deleted user
by Deleted user

Could you be more specific with this question? Because there are different ways, depending on your company's requirements and plans that you can value your inventory.

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