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Inventory Valuation Methods at Tesla Values: Beginning Inventory: $40,000,000 Purchases: $20,000,000 Sales Revenue: $60,000,000 Requirements: Calculate the ending inventory using the LIFO method for Tesla.

Inventory Valuation Methods at Tesla

    • Values:
      • Beginning Inventory: $40,000,000
      • Purchases: $20,000,000
      • Sales Revenue: $60,000,000
    • Requirements:
      1. Calculate the ending inventory using the LIFO method for Tesla.
      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 Tesla’s financial statements.

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