The following data was extracted from the records of Winsam Company: 
Winsam's most recent balance sheet showed ending inventory of $800. Which method was used for valuing inventory?
Definitions:
Market Labor Supply
The total availability of labor willing to work at corresponding wage rates in a given market or economy.
Immigration
The action of moving to a foreign country to live permanently, often driven by factors such as employment opportunities, better living standards, or family reunification.
Technological Change
Technological Change refers to advancements and innovations in technology, which can significantly impact productivity, economic growth, and the way society operates.
Labor Supply Curve
A graphical representation that shows the relationship between the quantity of labor supplied and the wage rate.
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