Choose a US public company that sells inventory (everyone needs to pick a different company). Review theirmost recent Annual Report.QuestionsWhat inventory costing method does the company use? Explain why you think the company uses this particularmethod?What might happen to the company’s income and inventory balance if they chose an alternative costingmethod? Be specific in your example.Does the company value its inventory at a lower of cost or market (LCM)? If so, how does the company definethe market? What factors might it consider in deciding whether or not to write down its inventory?If the company does not use LCM, what method does the company use to value its inventory in considerationof possible inventory write-downs?
The post Financial reporting analysis