0
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
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Benefits and cost of holding Inventories?
what is benefits of holding inventories
What are dormant inventories?
The costs of dormant inventories--goods not immediately convertible into cash
What is the plural possessive of the word inventory?
The plural is inventories. The plural possessive is inventories'.
Is inventories assets?
yes
What has the author Frederick Stanley Staples written?
Frederick Stanley Staples has written: 'The inventories' -- subject(s): Inventories
What is the significance of the study about sales and inventory system?
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.
How would you verify the ending inventory item in auditing?
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.
Is inventories considered an asset or liability?
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.
Are there inventories for Mega Blok sets?
yes there are
Do NYSE specialists hold inventories of stock?
Yes
How often does an equipment custodian perform inventories?
Annually
Why is it that any accumulation of inventories by firms is not included when measuring GDP?
It does not included because it might be a recounting and because accumulation of inventories by firms might be seen as private investment.
