Methods of Valuation of Inventories

Given are the tactics of estimating material issues which are generally observed.

  1. Net Realisable Value (NRV) method
  2. Standard price method
  3. Average costing technique
  4. Base stock process
  5. Market price technique
  6. Last in, first out (LIFO) method
  7. Inflated price process
  8. Specific price technique
  9. First in, First out (FIFO) method
  10. Highest in, first out (HIFO) technique
  11. Replacement value tactic

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