What will be the total operating expense? a.41200 b.53200 c. 19700 d. 21500   2-What will be the net income? a. 56000 b. 338000 c. 16000 d. 72000   3-What will be the total Selling and distribution expense? a. 41200 b. 17200 c. 19700 d. 14800   4-What wil

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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.