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1) What is the purpose of inventory valuation methods? 2) What are the four inventory valuation methods a company can use? 3) What inventory method

1) What is the purpose of inventory valuation methods?

2) What are the four inventory valuation methods a company can use?

3) What inventory method is best used with many items with similar costs?

4) What inventory method will provide the highest net income when prices are rising?

4) What inventory method could help a company reduce its corporate income taxes?

5) What is inventory turnover and how is it measured?

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