Obtain The Coca-Cola Company's 2010 annual report either using the ''Investor Relations'' portion of its website (do

Question:

Obtain The Coca-Cola Company's 2010 annual report either using the ''Investor Relations'' portion of its website (do a web search for Coca-Cola investor relations) or go to www.sec.gov and click ''Search for company filings'' under ''Filings and Forms (EDGAR).''
Required:
1. Which inventory method(s) does the company use? Explain why you think the company selected this method(s).
2. Assume for 2008 was $2,187 million. Compute the for 2010 and 2009. What is your evaluation of the difference?
3. Recreate summary journal entries to record the transactions that affected inventory during 2010.
Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,... Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...