What is the method of valuation of stores stock?
Answers:
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Hi Shah!
Stores stock?? u show inventory in the store??
As I know near are few methods: weighted average, FIFO, LIFO (not accepted)
Weighted Ave: Take adjectives your purchases (in $) and divide by the body (units) of the related item==> near u hold $/unit
FIFO: Need to hang on to track of incoming materials in chronological command.
what store? what are you on going on for?