Using TARGETS 2016 Annual report https://corporate.target.com/_media/TargetCorp/annualreports/2016/pdfs/Target-2016-Annual-Report.pdf. Page 37,39,47.

Question 6 Assuming increasing prices, the inventory cost flow assumption used by Target to value inventory: O a. results in the same amount of total assets on the balance sheet as average cost. O b. results in more total assets on the balance sheet than average cost. O c. results in more total assets on the balance sheet than FIFO. o d. results in less total assets on the balance sheet than FIFO. Question 6 Assuming increasing prices, the inventory cost flow assumption used by Target to value inventory: O a. results in the same amount of total assets on the balance sheet as average cost. O b. results in more total assets on the balance sheet than average cost. O c. results in more total assets on the balance sheet than FIFO. o d. results in less total assets on the balance sheet than FIFO