The sales department occupies one-half of the office space. Total selling expenses for 2020 must be

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A:

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Q: percentage-of-completion method

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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.