Prompt:
“Why is proper inventory valuation so important? Why does an understated ending inventory understate net income for the period by the same amount? Explain and provide examples.”

Please include citations from either the resource I’ve attached here and/or any other resource you may use.

Substantial content requires staying on topic and fully addresses the assignment in a clear, concise, and meaningful manner.
Direct quotes from references must be less than 20 words. Please review for sentence structure, grammar and punctuation errors.

Length: 1 page of content
Font: Times New Roman size 12pt