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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