There are numerous valuation techniques to value the inventory or stock. However, here is the short list of those which are known. To learn more about each method, click the name!
- Specific identification method
- FIFO – First in, First out method
- LIFO – Last in, First out method
- HIFO – Highest in, First out
- NIFO – Next in, First out
- Retail price method
- Standard cost method
- Replacement cost method
- LISH – Last in, Still here method
- FISH – First in, Still here method
- Simple average method
- Periodic simple average
- Weighted average method
- Periodic weighted average method
- Gross profit method
- LCM – Lower of cost or market value method
If you any inventory valuation method which is not listed here then let us know by writing in the comment box below.