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Inventory Valuation Methods at Samsung Values: Beginning Inventory: $120,000,000 Purchases: $70,000,000 Sales Revenue: $180,000,000 Requirements: Calculate the ending inventory using the LIFO method. Determine the

Inventory Valuation Methods at Samsung

    • Values:
      • Beginning Inventory: $120,000,000
      • Purchases: $70,000,000
      • Sales Revenue: $180,000,000
  • Requirements:
    1. Calculate the ending inventory using the LIFO method.
    2. Determine the cost of goods sold (COGS) using the LIFO method.
    3. Discuss the advantages and disadvantages of LIFO in inventory valuation.
    4. Analyze the impact of inventory valuation methods on Samsung’s financial statements.

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