Inventory std

Hi

Cost technique like standard and retail method. And cost formula like FOFo and weighted average. 

Now the company uses a cost techique or a cost formula tp value its inventory right? 

Txs

Replies (2)
Quick Summary
This discussion delves into various inventory valuation techniques. It covers methods such as the standard and retail approaches, alongside cost formulas like FIFO and weighted average. The conversation also touches upon the balance sheet disclosure of inventory, typically at the lower of cost or market value, and clarifies the distinction between 'tp value' and 'to value'.

What is tp value ? disclosure in balance sheet is always cost or market whichever is lower.

Sorry! I meant to value. My new mobile screen is broke and ive lamintaed it. Hence the typo. Its true B.con modules say lower of cost or nrv lol. Im just talking about cost onlyvand i have 4 choices here. 

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