Obtain the 2013 financial statements for Teck Resources Limited from the company’s website or from SEDAR (www.sedar.com).

Required:
a. How much in inventory did the company have at the end of 2013? What four components comprised this amount?
b. The company separately reported the current and long-term portions of its inventory. What did the long-term inventory consist of? What was the rationale for segregation? Where was the long-term portion reported on the balance sheet?
c. What does the company include in inventory cost?
d. Which cost flow assumption does the company use?