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In this session, the chapter inventory valuation has been fully explained. The chapter consists of
- Definition of inventory
- IAS 2
- Definition of cost
- Example on calculation of inventory
- Inventory valuation methods:
- FIFO
- LIFO
- AVCO
- Advantage and disadvantages of LIFO, FIFO and AVCO
- Examples.
The notes have been uploaded in the exercise section.
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Session 5: Inventory valuation
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Inventory valuation
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Inventory valuation 21 mins
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Inventory valuation
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Inventory valuation 21 mins
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Inventory valuation
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Excercise Files
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Account Holder Name: Mr. Tejanand Choolun
Account No: 000142601152