You have run an Inventory Valuation Detail for Pumps in your client's company as of October 31, 2019. Refer to the followingInventory Valuation Detailreport.

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