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You are comparing the inventory valuation methods used by two companies, Company P and Company Q, for the fiscal year 2023. Company Inventory Valuation (in
You are comparing the inventory valuation methods used by two companies, Company P and Company Q, for the fiscal year 2023.
Company | Inventory Valuation (in millions) |
Company P | $75 |
Company Q | $90 |
Requirements:
- Analyze and identify the inventory valuation methods used by Company P and Company Q.
- Discuss potential reasons for any differences observed in the inventory valuation amounts between the two companies.
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