Question: Please pull the 2021 annual SEC-10K report for Intel: INTC to answer the below questions. Inventory notes start on page 77 and end on page

Please pull the 2021 annual SEC-10K report for Intel: INTC to answer the below questions. Inventory notes start on page 77 and end on page 105 of SEC-10-K report. Please answer specifically.

1. Inventory disclosures:

Are there any disclosures about raw materials, WIP inventory, Finished Goods inventory levels? What do the below inventory levels mean?

(In Millions) 25-Dec-21 26-Dec-20
Raw materials $ 1,441 $ 908
Work in process 6,656 5,693
Finished goods 2,679 1,826
Total inventories $ 10,776 $ 8,427

1a) How is inventory described for your SEC 10-K company? Relate your answer to topics in our course.

1b) Report on any costing information such as inventory valuation methods--LIFO, FIFO, and/or average cost.

1c) Comment on supplemental information provided related to inventory for your SEC 10-K company

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