Section 1. Inventory - Based on Monster Beverage INC. 2016 annual report

To answer the following questions refer to various parts of your Annual Report and the Notes to the Financial Statements. Hint: See page 977 of your text for an example response. Be sure to use complete sentences and site your source, such as the page number from your annual report or other reference material used to respond to the following questions.

a) What type inventory accounts would your company have?

b) For reported cost of goods sold and operating expenses. Which costs are period costs? Which costs are product costs?

c) List some examples of product costs for your company.

Annual Report

http://files.shareholder.com/downloads/HANS/6205268097x0x941157/6DFB50A9-0D18-4841-BE07-AF966ABFE9AF/Monster_Beverage_2016_Annual_Report.pdf