An organizations stock records show the following transactions for a specific item during last month: The inventory at the beginning of the month was 100 units. During the month, it received 250 units into the warehouse at GHC420 per unit and issued 150 units into production valued at GHC53142.86. Using the weighted average method, the opening inventory was valued at? A. GHC100 per unit B. GHC120 per unit C. GHC200 per unit D. GHC220 per unit Reset Selection

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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.