Inventory Valuation Methods at Apple Inc.

• Values:

• Beginning Inventory: $60,000,000
• Purchases: $40,000,000
• Sales Revenue: $100,000,000
• Requirements:

0. Calculate the ending inventory using the weighted average cost method for Apple Inc.
1. Determine the cost of goods sold (COGS) using the weighted average cost method.
2. Discuss the advantages and disadvantages of the weighted average cost method in inventory valuation.
3. Analyze the impact of inventory valuation methods on Apple Inc.'s financial statements.