Which inventory valuation method is used by jewelers

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1359 Points Posted on 01 April 2023
which inventory valuation method is used by jewelers?
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On 01 April 2023 at 00:03 Report
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Jewellers typically employ inventory valuation methods like Weighted Average and FIFO. While not universally mandated, the Specific Identification method is also sometimes used, particularly when guidance notes suggest it. The discussion touches upon the relevance of these methods within the industry.

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Student
38 Points Posted on 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.
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On 01 April 2023 at 00:41
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Profession
28271 Points Posted on 01 April 2023
It's specially mentioned in guidance notes.
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On 01 April 2023 at 08:30
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1359 Points Posted on 01 April 2023
Guidance notes issued by icai???
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On 01 April 2023 at 10:07
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Profession
28271 Points Posted on 03 April 2023
Obviously
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On 03 April 2023 at 09:10

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