Using your school's subscription to the FASB Codification, go to the FASB Codification website, and prepare responses to the following. Provide Codification references for your answers. Identify the primary authoritative guidance for the accounting for inventories. List three types of goods that are classified as inventory. What characteristic will automatically exclude an item from being classified as inventory? Define "market" as used in the phrase "lower-of-cost-or-market." Explain when it is acceptable to state inventory above cost and which industries allow this practice