Which inventory valuation method is used by jewelers
Atharv Sankliya (1242 Points)
01 April 2023
which inventory valuation method is used by jewelers?
4 Replies
Dhanraj
(Student)
(38 Points)
Replied 01 April 2023
It is not specific, but most of them use Weighted Average & FIFO. However in some cases, "specific identification" can also be seen.
sabyasachi mukherjee
(18835 Points)
Replied 01 April 2023
It's specially mentioned in guidance notes.
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