Glossary · Finance
What is Inventory valuation?
Inventory valuation is the method used to put a dollar value on stock on hand, commonly FIFO, weighted average cost or specific identification.
With rising costs, FIFO shows higher profit and weighted average smooths out the swings. Your accountant and local rules may limit which method you can use; some jurisdictions disallow LIFO.
Shopify App · 3PL Partner API · US$39/mo entry plan
See Stokrio with your own data
Install Stokrio from Shopify and your products and orders flow in. Running a 3PL? Start with the demo.