Question: Read the Notes to the Financial Statements (FS) for your SEC 10-K company. These notes are displayed after the financial statements. 1. Inventory comments: costing

Read the Notes to the Financial Statements (FS) for your SEC 10-K company. These "notes" are displayed after the financial statements.

1. Inventory comments: costing information. What do you see? WIP?

2. Inventory: How is inventory described for your SEC 10-K company? LIFO, FIFO, and / or average cost? Relate your answer to topics in our course.

3. Cost and sources for production materials: notice how cost is used in the SEC 10-K

4. Challenges and opportunities you see as you relate our current textbook topics to your company. Details are high level in the SEC 10-K but organizations rely on Cost Accounting.

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