aarora
Level 3
06-14-2021
05:54 PM
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To determine the value of beginning and ending inventory we need two things - a method for identifying the items in your inventory and a method for valuing these items. I believe the original intent of section 9a was to specify the method for valuing the inventory i.e. LCM, Cost , Retail etc.. Are you sure the others option in 9a can be used to specify cost flow methods like specific identification, weighted average?