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Chapters 7/8. For the next discussion assignment, choose a public company (whose annual report is readily available) and look for their inventory cost flow method. The information may be available on the face of the Balance Sheet, but it will definitely be in the Notes to the Financial Statements (usually Note 1 and often a separate full note). For a complete response, glease provide. 1. The company you chose, the date of the Balance Sheet and the hyperlink to the annual report. 2. The inventory cost flow method adopted by the company. Be gure to provide the "Cost' method referred to in lower of cost or market or NRV). Cost will be UFO, Average Cost, etc. 3. The total dollar amount of inventory on the Balance Sheet (and it may be listed in several accounts) = 4. Your inshght into the appropriateness of the inventory valuation method used in relation to the industry they are connected to. as well as the possible income statement effect of that particular imventory reporting method. Be conche - this is not an essay but a quick analysis 5. Comment on one other student findings FYI Remember to ALWAYS provide the dollar references, (11 points) "You will not see other responses until you ereate a thread with your first entry

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