EMERSON ELECTRIC COMPANY
Read the Notes to the Financial Statements (FS) for your SEC 10-K company. These “notes” are displayed after the financial statements.
1. Inventory comments: costing information. What do you see? WIP?
2. Inventory: How is inventory described for your SEC 10-K company? LIFO, FIFO, and / or average cost? Relate your answer to topics in our course.
3. Cost and sources for production materials: notice how cost is used in the SEC 10-K
4. Challenges and opportunities you see as you relate our current textbook topics to your company. Details are high level in the SEC 10-K but organizations rely on Cost Accounting.