Week
6 Discussion
·
Use
the Internet to research the annual report of at least one (1) merchandising
company. For example, while you can’t use this one, here is one from Walmart: http://s2.q4cdn.com/056532643/files/doc_financials/2017/Annual/WMT_2017_AR-(1).pdf
·
Determine
the costing method (Last In First Out [LIFO], First In First Out [FIFO], or
weighted average cost) that is used to record inventory by your selected
company.
·
Share
three (3) advantages and three (3) disadvantages of using the type of costing
method (LIFO, FIFO, and weighted average) that the company has implemented.
·
Provide
support for your responses.
