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Hi sir,
When should we use FIFO method and Weighted average method to calculate inventory.
In Sep Dec 2016, Q1 working 9, we use Weighted average method. But there is no indicator about that. Therefore, how could I deal with that?
Many thanks
Hi,
I have d same problem as u but I’m thinking that the application of IFRS 15 is the requirement in this regard since this the revenue from contract hence d weighing price per unit is due to variable such as discount (from 1000 to 950) if additional orders of 5K is taken then the price of the contract/unit is revised. Looking closely to the question, the variable is more likely occur.
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