Assume the following information: April 1 Inventory April 10 purchase April 12 sale units at cost of $19 6 units at cost of $19 7 units Using the perpetual inventory system, what is the amount of ending merchandise inventory? O $57 O $19 O $133 O $190

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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.