Select a company that maintains an inventory. Don't use a company that someone has already used....

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.

Solutions

Expert Solution

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:

Beauty: It covers Hair Care (like shampoo and conditioner) and Skin and Personal Care (like Antiperspirant and Deodorant) products
Grooming: Shave Care (like male and female blades and razors)
Health Care: Oral Care (Like toothbrush, toothpaste), Personal Health Care (like Supplements, rapid diagnostics)
Fabric and Home Care: Fabric Care (like laundry additives and detergents), Home Care (like air care , surface care)
Baby, Feminine & Family Care: Baby care (like diapers and pants), Family Care (like tissues and toilet paper)

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 ...

ekkarill92 answered 1 year ago

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