Cost Method of Inventory Valuation

Cost Method of Inventory Valuation

Valuing inventory purchased during the year at cost; that is, the invoice price less any discounts plus transportation or other costs incurred in acquiring the merchandise.
References in periodicals archive ?
16 per share in 2005 (as restated under the cost method of inventory valuation, excluding the cumulative effect of the change in accounting principle of $0.
33 per share (as restated under the cost method of inventory valuation, and excluding the significant items described above).
It uses a current cost method of inventory valuation and gives a result similar to that which would occur under "last-in first-out" accounting.