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Chapter 14. Using Inventory Features > Methods of Valuing Inventory

Methods of Valuing Inventory

You can use several methods to value inventory. QuickBooks uses the average cost method, in which the cost of all pieces of a single inventory item is totaled and then the total is divided by the number of items in stock, providing an average cost for each item. Although this method is effective and easy to maintain, it is not the most popular method of valuing inventory.

The three most popular methods of inventory valuation are not supported by QuickBooks. They are


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