The following information relates to a company for two periods: year 1; profit- GHC131250, sales- GHC1375000; year 2 profit- 225000, sales- GHC1750000. What is the sales level to earn a profit of GHC262500? OA. GHC2000000 OB. GHC1500000 OC. GHC1900000 OD. GHC1000000

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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.