mpany P has the following inventory information: Date cember 31, 2021 cember 31, 2022 B. $112,884 C. $99,684 Ending Inventory (End-of-Year Prices) D. $109,884 $ 85,600 99,100 Price Index e the dollar-value LIFO method to compute the ending inventory for 2022 A. $89,684 100 111

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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.