Vati-Vati CC produces and sells only one product. The following data is available: nventory levels (2022) 1 March 31 March Finished products (units) ??? 1 200 Units sold 3 600 at N$300 per unit Units purchased 3 800 Determine the units of Opening inventory (finished goods). Answer:

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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.