Question

In: Accounting

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.

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

Select a company in your pathway that maintains inventory. Don't use a company that someone has...

Select a company in your pathway that maintains inventory. Don't use a company that someone has already used. Please put the company's 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 (less than 12 months) annual 10-K report for the company at the EDGAR filings at SEC Edgar search tool or Yahoo or Google finance. Review the report and...

Select a company in your pathway that maintains inventory. Don't use a company that someone has...

Select a company in your pathway that maintains inventory. Don't use a company that someone has already used. Please put the company's 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 (less than 12 months) annual 10-K report for the company at the EDGAR filings at SEC Edgar searh tool or Yahoo or Google finance. Review the report and...

Select a company in your pathway that maintains inventory. Don't use a company that someone has...

Select a company in your pathway that maintains inventory. Don't use a company that someone has already used. Please put the company's 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 (less than 12 months) annual 10-K report for the company at the EDGAR filings at SEC Edgar search tool or Yahoo or Google finance. Review the report and...

Select a company in your pathway that maintains an inventory. Don't use a company that someone...

Select a company in your pathway that maintains an inventory. Don't use a company that someone has already used. Please put the company's 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 (less than 12 months) annual 10-K report for the company using the SEC Edgar search tool or Yahoo or Google finance. Review the report and in and...

C++ comments would be nice, especially with "Customers.dat" part. Please don't use an already answered solution...

C++ comments would be nice, especially with "Customers.dat" part. Please don't use an already answered solution from chegg. I've unfortunately had that happen at many occasions. I'll most certainly upvote if program is right. I always do ...... ...... Statement: Create a program that will loop and prompt to enter the highlighted data items in the structure below. This is every item except customerNumber , isDeleted and newLine; const int NAME_SIZE = 20; const int STREET_SIZE = 30; const int...

This problem has already been half answered, but can someone finish it and check the answers....

This problem has already been half answered, but can someone finish it and check the answers. I'll include the link. Finished ASAP please! https://www.chegg.com/homework-help/questions-and-answers/use-weighted-average-costing-wanda-company-produces-finished-product-two-processing-depart-q29753062 USE WEIGHTED AVERAGE COSTING: Wanda Company produces its finished product in two processing departments--Mixing and Finishing. The following information is available for the month of March: Mixing Department: The beginning work-in-process inventory was $17,130 ($14,880 direct materials and $2,250 conversion costs) and consisted of 1,200 units. During March, an additional 10,600 units were started into production....

Eastland Company maintains a perpetual inventory system. On June 5, Eastland purchased 1,000 inventory units at...

Eastland Company maintains a perpetual inventory system. On June 5, Eastland purchased 1,000 inventory units at $3 each, on account. On June 9, Eastland sold 500 units for $7 each, on account. Eastland's inventory method assessed the cost of units sold as $4 each. What is the proper journal entry for Eastland on June 9?

Question 8Generous Dynamics maintains an inventory of 4000 ounces of gold.The company is interested...

Question 8Generous Dynamics maintains an inventory of 4000 ounces of gold. The company is interested in protecting the inventory against daily price changes. The correlation of the daily change in the spot and futures price is 0.4, the standard deviation of the daily spot price change is 26 percent, and the standard deviation of the daily change in the futures price is 14 percent. The futures contract size is 1000 ounces. How many contracts should GD buy or sell to...

Please don't copy the already existing answer. Subsidiary Bond Holdings Farflung Corporation has in excess of...

Please don't copy the already existing answer. Subsidiary Bond Holdings Farflung Corporation has in excess of 60 subsidiaries worldwide. It owns 65 percent of the voting common stock of Micro Company and 80 percent of the shares of Eagle Corporation. Micro sold $400,000 par value first mortgage bonds at par value on January 2, 20X0, to Independent Company. No intercorporate ownership exists between Farflung and its subsidiaries and Independent. On December 31, 20X4, Independent determined the need for cash for...

Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the...

Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the records indicate the following data. ($ in 000s) Cost Retail Beginning Inventory $112 $160 Purchases $812 $1067 Freight- in on purch. 37 Purchase returns 1 3 Net markups 5 Net markdowns 9 net sales 923 Required: Assuming the price level increased from 1 at January 1 to 1.45 at December 31, 2018, use the dollar-value LIFO retail method to approximate cost of ending inventory...

Question

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

Solutions

Expert Solution

Related Solutions

Select a company in your pathway that maintains inventory. Don't use a company that someone has...

Select a company in your pathway that maintains inventory. Don't use a company that someone has...

Select a company in your pathway that maintains inventory. Don't use a company that someone has...

Select a company in your pathway that maintains an inventory. Don't use a company that someone...

C++ comments would be nice, especially with "Customers.dat" part. Please don't use an already answered solution...

This problem has already been half answered, but can someone finish it and check the answers....

Eastland Company maintains a perpetual inventory system. On June 5, Eastland purchased 1,000 inventory units at...

Question 8Generous Dynamics maintains an inventory of 4000 ounces of gold.The company is interested...

Please don't copy the already existing answer. Subsidiary Bond Holdings Farflung Corporation has in excess of...

Smith-Kline Company maintains inventory records at selling prices as well as at cost. For 2018, the...