Scenario 5: Inventory Valuation - Walmart Inc.

Walmart Inc. operates a chain of retail stores worldwide. For the fiscal year ended January 31, 2023, they reported the following inventory data:

• Beginning inventory: $43,678 million
• Purchases during the year: $230,405 million
• Sales during the year: $525,921 million
• Ending inventory consists of 50,000 units

Calculate the value of ending inventory using the following methods for Walmart Inc.:

a) First-In-First-Out (FIFO) b) Last-In-First-Out (LIFO) c) Weighted Average

Assume that the cost of each unit of inventory remained constant throughout the year.