In the following information from the 2014 annual reports of Technic Industries all figures have been rounded to millions of dollars.
REQUIRED:
(1)Describe what costs are included in each of the three types of inventories listed above for Technic Industries.
(2)Even though the footnote describing the inventory costing method(s)used by Technic Industries is not provided above,what can you conclude about the inventory costing method(s)used by the company?

Question

In the following information from the 2014 annual reports of Technic Industries all figures have been rounded to millions of dollars.
   REQUIRED:
(1)Describe what costs are included in each of the three types of inventories listed above for Technic Industries.
(2)Even though the footnote describing the inventory costing method(s)used by Technic Industries is not provided above,what can you conclude about the inventory costing method(s)used by the company?

Quizplus · Accepted Answer

The Answer of In the following information from the 2014 annual reports of Technic Industries all figures have been rounded to millions of dollars.
   REQUIRED:
(1)Describe what costs are included in each of the three types of inventories listed above for Technic Industries.
(2)Even though the footnote describing the inventory costing method(s)used by Technic Industries is not provided above,what can you conclude about the inventory costing method(s)used by the company?

In the Following Information from the 2014 Annual Reports of Technic