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A). What method of inventory is used for the other 60% and 56% of total Inventories 2015 2014 Finished Good 382,925 303,249 Work In Process

A). What method of inventory is used for the other 60% and 56% of total Inventories 2015 2014 Finished Good 382,925 303,249 Work In Process 76,524 60,588 Raw mat 72,246 49,844 Inventories At current Cost 531,695 413,681 Less L1FO Valuation (83,829) (88,368) Total Inventories 447,866 325,313 B). Explain the meaning of each of the numbers listed in the table.

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