What are all the cost that can go into your inventory? The better question is, what is NOT included in your inventory amount? Out of the 4 inventory valuation methods for chapter 6, which yields the highest inventory value in a world of rising prices? I will say, make sure you understand the chapter 6 quiz and why we use LIFO, vs FIFO, vs, Weighted Average, vs Specific Identification. What is the formula for Inventory Turnover Ratio? Calculate it. Can you calculate Day's sales in Inventory