Window Help sjoo Meeting 5.pdf (page 6 of 7) - Edited Q Search C) €50,700 D) €50,883 2. A company just starting its business made the following four inventory purchases in June: Date Units Total purchase price (in €) June 1 150 units 2,600 0060 4,200 June 10 200 units June 15 200 units June 28 150 units 3,300 TOTAL A physical count of the inventory on June 30 reveals that there are 100 units on hand. The inventory method which results in the highest gross profit for June is: A) the FIFO method B) all inventory methods result in'the same gross profit C) the LIFO method D) the average-cost method 2020.pdf. untitled folder HON MacBook Air

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.