PART B (FORD): Extract the most recent 10-K form (filed 02/08/18) for Ford Motor Company via EDGAR or Ford Motor's website (http://shareholder.ford.com/investors/financials/sec- filings sec-filings-details de fault.aspx?Filing10-1 2526727). Answer the following questions: 1. What amount of ending inventory would have been reported in the most recent year if Ford had used only FIFO? [3 POINTS] 2. What is the COGS reported by Ford for the most recent year? [3 POINTS] Page 1 of 3 3. Calculate the COGS that would have been reported, if Ford had used only FIFO for both the most recent year and the previous year. [5 POINTS) 4. Provide one reason why Ford management chose to use LIFO for certain of its inventories. [3 POINTS] PART B (FORD): Extract the most recent 10-K form (filed 02/08/18) for Ford Motor Company via EDGAR or Ford Motor's website (http://shareholder.ford.com/investors/financials/sec- filings sec-filings-details de fault.aspx?Filing10-1 2526727). Answer the following questions: 1. What amount of ending inventory would have been reported in the most recent year if Ford had used only FIFO? [3 POINTS] 2. What is the COGS reported by Ford for the most recent year? [3 POINTS] Page 1 of 3 3. Calculate the COGS that would have been reported, if Ford had used only FIFO for both the most recent year and the previous year. [5 POINTS) 4. Provide one reason why Ford management chose to use LIFO for certain of its inventories. [3 POINTS]