Review the latest Amazon.com annual report for the description of the business. (See Item 1: Business)

http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-reportsannual

Write a 1-2 page summary answering the two following requirements: First requirement: Within the annual report, specifically read Item One: Business. After reading through that section, describe whether you think Amazon uses job order costing or process costing. Explain the reasons for your answer. Second requirement: State the amount of inventory the company holds as of December 31. What are the components of the inventory (raw material, work-in-process, finished goods)? How were you able to determine that information from what was provided within the annual report?

Your work should be submitted in a Word document, typed in double-space, in 10- or 12-point Arial or Times New Roman font. It should be 2 pages maximum. The page margins on the top, bottom, left side, and right side should be 1 inch each. You should use the APA guidelines for writing and citations.

Keep the following points in mind:

• The features of job costing and process costing are accurately identified and explained.
• The reasons why a company may use job costing or process costing are analyzed and explained.