Question 6 You have run an Inventory Valuation Detail for Pumps in your client's company as of October 31, 2019. Refer to the following Inventory Valuation Detail report. What does this report tell you? 1. Fifteen pumps were donated on October 31 2. Invoice 1037 was written off 3. The value of the pumps decreased, and an inventory revaluation was entered 4. There are three lines on the inventory adjustment because inventory was purchased at three different unit cost INVENTORY VALUATION DETAIL January - October, 2019 DATE TRANSACTION TYPE NUM NAME QTY RATE FIFO COST QTY ON HAND ASSET VALUE Design Fountains START Inventory Qty Adjust Check Bill 75 - Pump 09/27/2019 09/27/2019 09/27/2019 09/27/2019 09/27/2019 10/31/2019 10/31/2019 10/31/2019 10/31/2019 Hicks Hardware Norton Lumber and Building ... Freeman Sporting Goods:096... Sonnenschein Family Store Invoice 1036 1037 Invoice 16.00 3.00 8.00 -1.00 -1.00 - 14.00 -8.00 -3.00 25.00 25.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 5.00 160.00 30.00 80.00 -10.00 -10.00 - 140.00 -80.00 -30.00 125.00 $125.00 160.00 190.00 270.00 260.00 250.00 110.00 30.00 0.00 125.00 26.00 25.00 11.00 3.00 0.00 25.00 Inventory Qty Adjust Inventory Qty Adjust Inventory Qty Adjust Expense 1 1 Total for Pump 25.00 $125.00