Student’s Name Professor’s Name Affiliation Date Walmart Inc. Walmart is a multinational Company located in America. It is a retail company comprising a chain of hypermarkets departmental and grocery stores. The Company has over 11 000 stores operating are adjusted to the actual amounts reported at the end of the year. Walmart's LIFO provision is based on various factors such as markup rates inventory levels and retail's price indices.Work Cited Walmart Annual Report 2017. Retrieved from https://cdn.corporate.walmart.com/3a/73/1a181d66407686dd9bd6d1a4b0ae/wmt-2017-ar.pdf [...]
There are a variety of different methods that can be used to calculate the value of inventory for financial reporting purposes (LIFO, FIFO, Weighted Average, Specific ID). Which method does your favorite company use??? Go to the website of your favorite company and find their annual report. Locate the Balance Sheet and note the amount of inventory reported. Then scan the notes of the annual report to find which method(s) of inventory valuation they used to calculate the amount reported on the Balance Sheet. which company you chose how much inventory they reported for the most recent fiscal year which method(s) they used provide us with a link to the company's annual report Please do not report on a company that was already researched by a classmate - credit will not be given for duplicate posts. Also, if your favorite company does not carry inventory, continue looking for a company that does...