Please answer the rest of (b), (c), and (d) in the same format as (a). Thank you!

(a) Identify the primary authoritative guidance for the accounting for inventories. The FASB codification provides guidance at: FASB ASC 330-10-05 (Codification String: Assets > 330 Inventory > 10 Overall> 05 Background). The Inventory Topic addresses the accounting principles and reporting practices applicable to inventory. (b) List three types of goods that are classified as inventory. What characteristic will automatically exclude an item from being classified as inventory? The FASB codification provides guidance at: FASB ASC 210-10-599 (Codification String: Assets > 210 Balance Sheet > 10 Overall > S99 SEC Materials). Three types of good classified as inventory are finished goods, work in progress, and supplies. (c) Define "market" as used in the phrase "lower-of-cost-or-market." (d) Explain when it is acceptable to state inventory above cost and which industries allow this practice