Discussion:
Use the Internet to research the annual report of at least one 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) that is used to record inventory by your selected company.
• Share three advantages and three disadvantages of using the type of costing method (LIFO, FIFO, and weighted average) that the company has implemented.
• Provide support for your response