Scenario 17 Inventory Valuation Procter Gamble Co Procter Gamble Co is a multinational consumer goods corporation For the fiscal year ended June 30, 2023, they reported the following inventory data Beginning inventory $10,500 million Purchases during the year $28,700 million Sales during the year $40,200 million Ending inventory consists of 40,000 units Calculate the value of ending inventory using the following methods for Procter Gamble Co a) First In First Out (FIFO) b) Last In First Out (LIFO) c) Weighted Average Assume that the cost of each unit of inventory remained constant throughout the year

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Question: Scenario 17: Inventory Valuation - Procter & Gamble Co. Procter & Gamble Co. is a multinational consumer goods corporation. For the fiscal year ended June

Scenario 17: Inventory Valuation - Procter & Gamble Co.

Procter & Gamble Co. is a multinational consumer goods corporation. For the fiscal year ended June 30, 2023, they reported the following inventory data:

Beginning inventory: $10,500 million
Purchases during the year: $28,700 million
Sales during the year: $40,200 million
Ending inventory consists of 40,000 units

Calculate the value of ending inventory using the following methods for Procter & Gamble Co.:

a) First-In-First-Out (FIFO) b) Last-In-First-Out (LIFO) c) Weighted Average

Assume that the cost of each unit of inventory remained constant throughout the year.

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