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What are the ways to value inventory?

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Question added by Rana Alnajjar , Web developer , Lebcards
Date Posted: 2016/12/13
Soliman Abd  ALmalak Gendy
by Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

There are three bassi approaches to valuing inventory : *First-in-First- Out *Last -in-First-- Out *Moving average

MOHAMMED ELATTAR
by MOHAMMED ELATTAR , مدير مالي , TAZWEED FOR AGRICULTURE CROPS

Thank you for advocacy andthere are several ways of stock assessment and selection of the best way according to the type of the Buffer Stock and the type of activity of the company

such as

LIFO

FIFO

AVG

FIXED

 

Wilfredo Quito
by Wilfredo Quito , Accounting Manager , DDC LAND INC.

Thank you for your kindness invitation

I agree with all previous answers.

Regards

Nazmul Islam CMA
by Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

LIFO

FIFO

Weighted average

 

manseer muhammed ali
by manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

The most commonly used inventory valuation methods under a perpetual system are:

first-in first-out (FIFO)

last-in first-out (LIFO)

highest in,first out (HIFO)

average cost or weighted average cost

Abdullah Aziz Eldain Morsi  Elgendy -        CMA  Candidate
by Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies

LIFO

FIFO

MOVING AVERAGE

WEIGHTED AVERAGE

Ahmed mohsen
by Ahmed mohsen , Senior Accountant , Main Poly Clinic

  1. first-in first-out (FIFO)
  2. last-in first-out (LIFO)
  3. highest in,first out (HIFO)
  4. average cost or weighted average cost.

Anil Lalwani
by Anil Lalwani , Chief Accountant , Al Ahli Hospital

Inventory should be value at cost or Market price which ever is lower, methods are

LIFO

FIFO

AVG

FIXED 

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