InventoryForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › InventoryThis topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts October 29, 2021 at 8:21 am #639368 James124ParticipantTopics: 166Replies: 138☆☆☆1) Fifo and AVCO inventory valuation method is for Raw material only or for all inventories? 2) Lower of Cost and NRV method is for Finished goods only or for all Inventories? October 29, 2021 at 3:04 pm #639382 John MoffatKeymasterTopics: 57Replies: 54724☆☆☆☆☆1. For all inventories.2. For finished goods only. October 29, 2021 at 5:07 pm #639400 James124ParticipantTopics: 166Replies: 138☆☆☆Thank you tutor.Tutor, the reason for (2). Is that we never sell WIP and Raw Material so therefore not NRV? October 30, 2021 at 5:52 am #639416 John MoffatKeymasterTopics: 57Replies: 54724☆☆☆☆☆Correct!AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)The topic ‘Inventory’ is closed to new replies.