Select a company that maintains an inventory. Don\'t use a company that someone
ID: 2410783 • Letter: S
Question
Select a company that maintains an inventory. Don't use a company that someone has already used. Please put the company name as the subject of your post. (No posting the company name only to hold it. You must make a full post or I will delete it.)
Access a recent annual 10-K report for the company at the EDGAR filings atwww.SEC.gov or Yahoo or Google finance. Review the report and tell us the following:
1. When the report was filed and the time period it covers.
2. What are the company's major product lines?
3. What inventory methods do they use? (Hint: see the Notes of the financial statements)
4. If available list the major components of the inventory and their values (most will be in millions).
5. Include any other information you find interesting about the financial statements.
Explanation / Answer
Company Selected:
The Procter &Gamble Company (One Procter & Gamble Plaza, Cincinnati, Ohio 45202)
Annual 10-K Report Accessed at: https://www.sec.gov/Archives/edgar/data/80424/000008042417000047/0000080424-17-000047-index.htm
Answer- 1:
Report is filed with SEC on August 7, 2017 and had been accepted on August 7, 2017. The report covers the period of fiscal year ended June 30, 2017 i.e. July 1, 2016 to June 30, 2017.
Answer- 2:
Procter & Gambler has divided its business into five major product lines:
Answer-3:
Procter & Gambler maintains the product related inventories on the First-In, First-Out (FIFO) method and inventory valuation shown in books of accounts at the lower of cost or market value.
Answer-4:
Consolidate balance sheet of the company show the inventory as:
Amount in Millions
Materials and Supplies
1,308
Work in process
529
Finished goods
2,787
Total Inventories
4,624
PLEASE, Rate the solution if it's helpful to you ...
Materials and Supplies
1,308
Work in process
529
Finished goods
2,787
Total Inventories
4,624
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.