Inventory can be valued in many different ways but there are 3 popular methods. One is called FIFO (first in first out), another called LIFO (last in first out) and the last called weighted average. See here for the basics and a more thorough description of Inventory Valuation.... http://vitalbusinessinfo.blogspot.com/2009/10/basics-of-inventory-valuation.html
what is benefits of holding inventories
The plural is inventories. The plural possessive is inventories'.
The costs of dormant inventories--goods not immediately convertible into cash
Army inventories can generally be categorized into several types, including operational, strategic, and reserve inventories. Operational inventories consist of equipment and supplies actively used in missions, while strategic inventories are maintained for long-term readiness and future operations. Reserve inventories include surplus or stored materials that can be mobilized when needed. Each type serves a distinct purpose in ensuring military preparedness and efficiency.
yes
Frederick Stanley Staples has written: 'The inventories' -- subject(s): Inventories
ending inventories are verified by comparing purchases and sales. the difference is ending inventories then do a physical count, to make sure that what's on papers are the same compared to the actual inventories on hand.
Inventories are those costs the benefits of which has to be taken by company in future time period while payment made already as these are part of future revenue generating activities that's why inventories are assets of company.
It is important to value inventories accurately in order to meet shareholder needs and demands for financial information. For manufacturing companies, inventories usually represent approximately 20 to 60 percent of their assets; hence it affects companies' profits. It is essential in which way assets are valued, however, it will be a waste of time if the record accuracy level is poor.
yes there are
Yes
Annually