Business, 01.03.2021 19:00 tylerineedhelp
Analyzing an Inventory Footnote Disclosure General Electric Company reports the following footnote in its 10-K report. December 31 (in millions)20052004 Raw materials and work in process$ 5,527$ 5,042 Finished goods5,1524,806 Unbilled shipments333402 11,01210,250 Less revaluation to LIFO(697)(661) $ 10,315$ 9,589 The company reports its inventories using the LIFO inventory costing method. (a) What is the balance in inventories reported on GE's 2005 balance sheet
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Analyzing an Inventory Footnote Disclosure General Electric Company reports the following footnote i...
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