https://help.tallysolutions.com/docs/te9rel60/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