Apple Inc. meticulously manages its inventory to optimize operational efficiency and financial performance. For the current accounting period, Apple reports a beginning inventory of $200,000 and purchases amounting to $500,000. The ending inventory is valued at $300,000. Undertake an in-depth analysis of Apple's inventory valuation practices. Discuss the methodologies employed, the impact on the company's financial statements, and the broader implications for Apple's inventory management strategy and profitability.