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Based on the Samsung 2018 Financial Statements 1) What is the inventory costing method used by Samsung? Is the method appropriate given what you know

Based on the Samsung 2018 Financial Statements

1) What is the inventory costing method used by Samsung? Is the method appropriate given what you know about Samsung's business or industry?

2) Explain the importance of the lower of cost and NRV as applied to Samsung's inventories, given what you know about its industry. Apply this to the incident in 2016 relating to its Galaxy Note 7.

Refer to: images.samsung.com/is/content/samsung/p5/global/ir/docs/2018_con_quarter04_all.pdf

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