Inventory valuation
To meet the various reporting principles, organizations must be able to value inventory according to various cost or pricing rules and multiple coexistent valuation bases. Some examples are LIFO, FIFO, Average, Historical Average, Net Sales Value, Obsolescence, Actual, WIP, Standard, Usage, Periodic, Perpetual, and Serial/Lot.
The various inventory valuation methods can affect the valuation of direct materials, labor, and overhead.
France specifics
The periodic inventory valuation method is required.