Week 4 Threaded Discussion Post 1: Answer the following questions regarding the following company by examining the summary of significant policies: https://www.sec.gov/cgi-bin/viewer?action=view&cik=86144&accession number=0000086144-15- 000004& xbrl type=v# Required: What types of inventory does the company have? For each type of inventory, what method does the company use for evaluating the inventory? Find the inventory disclosure requirements listed in the codification. Properly cite the codification. What topic relates to inventory? What section relates to disclosure? Does the codification list any SEC requirements related to LIFO inventory disclosure? If yes, provide the exact citation and disclosure requirement. If the company had used FIFO or FIFO approximation for all inventory, estimate what the beginning and ending inventory balances for the fiscal years reported, would have been if the company had used FIFO for all of its inventories. Estimate the effect on cost of goods sold (that is, would it have been greater or less and by how much?) for the most recent fiscal year if the company had used FIFO for all of its inventories Would income from continuing operations, before taxes, have been materially different if the company had used inventory methods that approximated FIFO for all inventory? Express your answer as a percentage