Inventory valuation https://www.leafio.ai/blog/inventory-valuation/ is the process of assigning a monetary value to the items a company has in stock, such as raw materials, work-in-progress goods, and finished products. It is important for businesses to accurately value their inventory for financial reporting purposes and to make informed decisions about production, sales, and purchasing. There are various methods of inventory valuation, including first-in, first-out (FIFO), last-in, first-out (LIFO), ...