Stock Valuation FIFO & Weighted Average Method
This method assume that the items received first are issued (Sold or consumed) first, So that the latest items are in Stock. In this method, an issue is valued at the oldest rate, while the closing stock is valued at the latest rate. The FIFO Formula assumes that the items of inventory which were purchased or produced first are consumed or sold first.
Under the weighted Average Cost Formula, the cost of each item is determined from the weighted average of the cost of similar items purchased or produced during the period.
Note – This course would be active for 1 Month only from the date of enrollment.
Prior to the start of classes, students will be sent a welcome email with information on how to login and get started.
Minimum technical and software requirements for AccountsBaba.Com Online Learning courses:
- Computer and Internet Connection:
You will need regular access to a computer with an internet connection. High speed broadband access (LAN, Cable or DSL) is highly recommended for the optimal learning experience. Some courses have more advanced system requirements.
- Compatible Operating System: Windows 8 or 10
- Web Browser: Firefox, Chrome, Internet Explorer 11, or Microsoft Edge