Please suggest me the appropriate inventory valuation model to achieve my objective.
for example if i purchase 10 qty @ 15 per unit and sell 6 qty out of that and then purchase another 16 qty @ 10 per unit, I am expecting an inventory value as below
inventory remaining out of first lot 4 qty *15 = 60
inventory of second lot 16 qty * 10 = 160
Total value = 220
Inventory value per unit as on date , 220/20 = 11 per unit.
If i am using weighted average cost, i am sure that my inventory value per unit at this moment will be (10*15)+(16*10) = 310 divide by total qty (10+16), ie , 310/26 = 11.92.
i want inventory value of 11 per unit. which inventory valuation type will help me to achieve this?
Thanks in advance
Jomy George
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