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Valuation of Materials Issued from Stores: 7 Methods

To find out the cost of materials issued from stores several methods are used. The choice of method should be based on the nature of material and the type of business. Following are some important methods, which are commonly used: 1. “First-in-First Out” Method 2. “Last-in-First-Out” Method 3. Average Price Method 4. Fixed Price Method […]