inventory value definition

inventory value

Determination of the cost of unsold inventory at the end of an accounting period. Inventory is valued usually at cost or at the market value, whichever is lower. The four common valuation methods are first-in, first-out (FIFO), last-in, first-out (LIFO), average cost (AVCO), and specific identification.

inventory value is in the Accounting & Auditing, Banking, Commerce & Finance and Inventory Control & Storage subjects.

inventory value appears in the definitions of the following terms: inventory carrying cost, Pareto principle, inventory cost, acid test ratio and turnover ratios

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