Fill in the missing amounts for the following 4 companies. Each case is independent of the others. Assume that only one product is being sold by each company:     Company A   Company B   Company C   Company D Units Sold   590       fill in the blank 1       fill in the blank 2       890     Sales in Dollars   $29,500       $75,900       $240,100       $fill in the blank 3     Total Variable Expenses   $6,490       $fill in the blank 4       $fill in the blank 5       $142,400     Per Unit C/M   $fill in the blank 6       $100       $280       $150     Total Fixed Expenses   $20,310       $62,000       $148,200       $fill in the blank 7     Net Operating Income (Loss)   $fill in the blank 8       $7,000       $(11,000)       $(23,000)

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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.