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Determine which costing method is used to record inventory

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Discussion: • Use the Internet to research the annual report of at least one (1) merchandising company. For example, while you can't use this one, here is one from Walmart.

• Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) is used to record inventory by your selected company.

• Share three (3) advantages and three (3) disadvantages of using the type of costing method (LIFO, FIFO, and weighted average) that the company has implemented.

• Provide support for your response.

1 Page at least 200 words

Reference no: EM132164141

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