Instructions

Merchandise inventory involves assets held for sale in the ordinary course of business of wholesale and retail companies. Manufacturing inventories are raw materials or WIP that will be used or consumed in the production of finished goods to be sold.

Review the annual report that you chose for the Week 3 Discussion, and based on what you’ve read in the text and in the Becker materials, explain how inventory is presented on the balance sheet and what further information you found in the footnote disclosures about the inventory method and impairment of inventory, if any.

Remember to post your first discussion response by Wednesday and post at least 2 additional times throughout the week.