https://help.tallysolutions.com/docs/te9rel64/Reports/Display_Inventory_Reports/stock_valuation_methods.htm

Stock Valuation Methods

Tally. ERP 9 allows users to value stock in different methods. Each stock item can be set up to have a different stock valuation method. There are instances where only a particular method of stock valuation is applicable, for example, to assess the replacement value or saleable value of stock.

There are two valuation methods for Inventory Items:

Valuation based on Cost of product.

Valuation based on Market Price of product.

Costing methods in Tally.ERP 9

Stock valuation can be calculated using a number of different Costing methods.

At Zero Cost

Avg.Cost

FIFO

FIFO Perpetual

Last Purchase Cost

LIFO Annual

LIFO Perpetual

Std. Cost

Monthly Avg. Cost

Market Valuation methods

At Zero Price

Avg. Price

Last Sales Price

Std. Price