The study on inventory valuation for a business; analysis of pricing issue of materials fifo&lifo methods

The objective of study to discuss & evaluate of the pricing issue of materials, which is choosing proper method of inventory evaluation that play an important role in evaluation of materials are issued from the stores to the jobs or work orders as per their requirement material price always changes in accordance with the market conditions. The stock of material includes the purchases made at different times at different prices. There is need to know about the price at which the material should be issued.