Question: Using the 10k annual report from Stanley Black & Decker: b. For the last two fiscal years, calculate your company's inventory balance under a cost

Using the 10k annual report from Stanley Black & Decker:

b. For the last two fiscal years, calculate your company's inventory balance under a cost flow assumption other than LIFO. (FIFO: add the disclosed LIFO reserve to the inventory balance) c. For the last two fiscal years, what is your company's reported LIFO reserve balance? d. For the last two fiscal years, what is your company's inventory balance under the LIFO cost flow assumption? e. Prepare the journal entry that your company made at the end of the latest year to adjust the LIFO reserve to its current balance

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