The total value of all items held in inventory for the firm valued at cost is which of the following?
A)Cost of goods to be sold
B)Average aggregate inventory value
C)Weeks supply of goods
D)Inventory turnover
E)None of these

Question

Quizplus · Accepted Answer

The total value of all items held in inventory for the firm valued at cost is the average aggregate inventory value. This is because the average aggregate inventory value is the total value of all inventory items held by the firm, divided by the number of periods in which they were held.

The Total Value of All Items Held in Inventory for the Firm