inventory valuation

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inventory valuation

The cost assigned to inventory for the purpose of establishing its current value. Inventory valuation is determined according to the basis by which a firm assumes inventory units are sold. If the first units acquired are assumed to be the first units sold (first-in, first-out), costs of the last units purchased are used for valuing inventory remaining in stock. Conversely, if the last units acquired are assumed to be the first units sold (last-in, first-out), the costs of the first units purchased are used for valuing the inventory remaining in stock.

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average-cost method
Cost Method of Inventory Valuation
Cost or Market, Whichever is Lower

footnote
writedown

A major part of this simplification process involves the shift to a much simpler inventory valuation system.

Benefits of lean in the accounting department by Cleveland, John / Automotive Design & Production

This alternate method of inventory valuation is a win-win situation -- lenders are basing their loan policy on more objective criteria, and borrowers are provided with a strong incentive to improve control over, and management of, their inventory, which in turn will provide an ongoing evaluation and warning system of potential problems down the road.

Accurate Inventory Appraisal Aids Financing Efforts by ROSEN, EVON G. / Los Angeles Business Journal

The court accepted the taxpayer's inventory valuation based on catalogue list prices, less dealer discounts and selling expenses.

Comparative sales method by Heitritter, Wilfred H. / The Tax Adviser

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