As an employee, write an internal memo to your manager addressing the following:
Using the Internet, locate the most recent financial report of a company of your choosing. The company you select to research must be in the business of manufacturing a product. If the required information is not available, then you will need to select a different company. Write an initial post by responding to the following:
· Do not research the company listed in the text.
· What categories of inventory does the company show in its inventories footnote under “Notes to Consolidated Financial Statements”?
· Using the income statement and inventory information from the footnote, calculate the cost of finished goods manufactured for the most recent year.
· What elements of manufacturing overhead can you identify using the annual report?