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Use Kellogg's company and find their total value of all inventories reported by the company, what inventory method and cost flow assumption does the company
Use Kellogg's company and find their total value of all inventories reported by the company, what inventory method and cost flow assumption does the company use, if the company has more than one type of inventory; are the same cost flow assumptions used for all inventories, and Kellogg's inventory purchases for the year.
Also, does Kellogg follow LCONRV or LCOM? Which method is used and why is it/is it not appropriate?
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