Louise Garcia is attempting to use the ABC inventory method. In category A, she should include: O intangible items such as goodwill O high-value items such as hydraulic pumps O fragile items such as light bulbs O inexpensive items such as paperclips

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A:

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A:

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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.