Inventory Valuation

This chapter contains the following topics

1.01   Meaning of Inventory
1.02   Inventory Valuation – Methods
1.03   Effect of Incorrect Inventory Valuation
1.04   Store (or Material) Record
1.05   Preparation of Trading Account
1.06   Treatment of Shortage / Surplus of Material
1.07   Pricing of Material Returned to store
1.08   Pricing of Material Returned to Vendor.