Apply a bead of glue along one side of center piece of wood (Image 1). Quickly spread glue with a fingertip then lay it flat and butt against right-side piece (Image 2). Apply glue to right side of left piece, spread with fingertip and butt against left side of center piece (Image 3). Make sure edges are lined up.
By deducting the value-of-inventory figure, you reduce your taxable income by as much as 88 percent (assuming a 12 percent average markup for inventory). You only pay taxes on your profits. Keeping track of your inventory costs reduces your tax bill by helping you arrive at a profit figure.
From the foregoing, it can be said that, inventory valuation is one of the metrics for determining the profitability of a business. SAP Business One supports only three types of costing or inventory valuation methods namely: Moving Average, FIFO and Standard Price.The golden rule is that, continuous stock management must be activated before this functionality can be leveraged.rom the foregoing, it can be said that, inventory valuation is one of the metrics for determining the profitability of a business. SAP Business One supports only three types of costing or inventory valuation methods namely: Moving Average, FIFO and Standard Price.