June 1 June 5 June 8 June 9 June 10 Beginning inventory urchase Sale Purchase Sale 38 units @ $19 per 82 units @ $22 per unit 70 units 80 units @ 22.35 per unit 25 units

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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.