Ding-Ding... and the battle is about to begin. In the ring are FIFO and LIFO. It's old school verse new school.Some say it's Tom versus Jerry or Guko versus Gohan. Oh Wait... Weighted average just joined the ring!!! This battle will be memorable. Let's take to the audience to see who they believe will win the inventory costing methods battle.

The newscaster just asked your opinion about the match. To respond select a public company in the merchandising industry that interests you. Obtain the company's most recent annual report on Form 10-K. The Form 10-K is a company's annually required filing with the Securities and Exchange Commission (SEC). It includes the company's financial statements and accompanying notes.

The Form 10-K can be obtained either

(a) by referring to the investor relations section of the company's website or

(b) by using the company search feature of the SEC's EDGAR database service found atwww.sec.gov/edgar/searchedgar/companysearch.html

Be creative in your response to the newscaster be sure to state your selected company, the items included in the company's inventory, and the costing method or methods used to determine the inventory amount reported on its balance sheet.