Select a Fortune 500 company whose name starts with the first letter in your last name and obtain the company's most recent annual report.(There should be no duplications of companies in the class.) You may use the same company as used for Exam 1, as long as it has inventories.

1) What is the total value of all inventories reported by the company? 2) What inventory method and cost flow assumption does the company use?3) Does the company have more than one type of inventory?Are the same cost flow assumptions used for all inventories? 4) Can you find the company's inventory purchases for the year? 5) Where does the company indicate whether it follows LCONRV or LCOM? Which method is used and why is it/is it not appropriate?

Required: To your response to these questions, attach only the financial statements used to answer the question, along with any related notes to the financial statements that were needed. Highlight relevant sections.