(Intermediate Accounting II)

This week, you will examine inventory methods used by corporations using the EDGAR database. Navigate to the U.S. Securities and Exchange Commission (https://www.sec.gov/)Links to an external site. and follow the steps below:

1.)Select the Filings category and the Company Filings Search option.

2.)Enter a publicly traded company of your choice (e.g., Apple, Best Buy) and click Search.

3.)Review the search results and click on the CIK link next to the most appropriate company listing.

4.)Look for a 10-K (annual) or a 10-Q (quarterly) filing, preferably with "interactive data" noted next to it.

5.)Click on either the documents or the interactive data options to locate the financial reports. Either selection will take you to financial reports, but the interactive data option is more direct and contains less detail. If you select the documents option, click on the .htm file link for a 10-K or 10-Q report. Then search the table of contents and locate the financial statements. The above process actually is easy to learn and quick to execute. You may have to try a couple of times to locate a suitable company, but the search process is a quick one.

Once you locate a suitable company respond to the following prompts: Notes to Consolidated Financial Statements to locate Inventories.

a.)What method is the company you selected using to account for their inventory?

b.)What other information is included in the Inventory Note?

c.)Why do you believe the company is using the method noted?

Please respond with original source not used before(not copied and pasted, as word document not attachment, thank you. answer indepth to the questions.Lengthy Responses. Answer to the best of your abilities please!