Inventory Valuation - TekSA

Valuation Methods

The following inventory valuation methods are available:

FIFO (First In, First Out): Assumes that the oldest inventory items are sold first.
LIFO (Last In, First Out): Assumes that the newest inventory items are sold first.
Weighted Average Cost: Calculates the average cost of inventory items and uses that for valuation.

Current Inventory Valuation

Product	Quantity	Unit Price (ZAR)	Total Value (ZAR)
iPhone 14	10	R 5 .00	R 50.00
Linux OS	15	R 3.00	R 45.00
Microsoft 360	3	R 10.00	R 80.00
Product D	5	R 7.00	R 35.00