On Blackboard in Course Content Information you will find the login information that you need to access the FASB Codification the URL, the user ID, and the password. Additionally, you will find a Learning Guide that will help you use the Codification, as well show you proper citation. The Guide is broken into lessons. Do NOT use the URL that is within the lesson on logging into the Codification. Universities have a different login URL. I have provided you with a direct link to the proper login URL on Blackboard.

Hollister Co. are retail clothing stores in the United States including Tampa. Hollister sells mens and womans clothing and accessories. Hollister recently hired a graduate from The University of Tampa to work in their accounting department. Hollister asked their new employee to summarize accounting for inventory, specifically addressing the following questions.

1. How should Hollister determine what costs should be included in inventory?