A statement that a company reported inventory at the lower$-$of$-$cost$-$or$-$market and valued inventory using the first$-$in$,$ first$-$out method would be found$\_\_\_\_\_\_\_\_.$

Question content area bottom

Part $1$

A$.$

within the income statement in the annual report

B$.$

within the description of the portfolio of accounting policies in a footnote

C$.$

within the$$ auditor's report as part of an annual report

D$.$

within the balance sheet in the $10$K