You are required to choose a suitable company with sufficientdisclosures on inventoryand writea business reportto address the following two questions. You may choose the company from: http://www.marketindex.com.au/asx200.
By reference to the annual report of your selected company, you are required to address the following two aspects in the business report:
- Review the inventory disclosure of your selected company. (Hints: your review may include the following components: -inventory system (perpetual or periodic);
-cost assumption (FIFO, LIFO or average cost);-the impact of cost assumption to the statement of profit and loss and
-evaluation of inventory, etc.)
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