You are required to research how 'BHP Ltd' company has applied the ASX Corporate Governance Principles and Recommendations to accounting and reporting inventory in its latest annual report.

You must refer to at least two governance principles in your discussion as well as the requirements of the accounting standard AASB 102 Inventories. To undertake the research, you will be expected to review relevant academic and professional journals, and/or texts.

250-300 words