discussion
Inventory Methods
Organizations utilize at least one inventory method (FIFO, LIFO, or weighted-average) to calculate their cost of goods sold and ending balance of inventory. Find an article that discusses a business that utilizes one of the three inventory methods or provide a real-life example. Then, share the selected example’s inventory method and the method’s characteristics with the class. Go to at least two other colleagues’ posts that present the other type of basic accounting method and share the differences between your selected example’s method and the colleague’s selected example’s method.A
Assignment ACC220 Week 4 AssignmentProblemAssume that you recently accepted an accounting position with Target Corporation. Asone of your first duties, you have been assigned the responsibility of evaluating thefinancial statements and making a presentation to department leaders.Use the following link to download Target’s most current annual report. Investing in YourGrowth. Review the financial statements and answer the following questions:1. Explain why a set of financial statements (income statement, statement ofowner's equity, and balance sheet) are useful in evaluating the company’sperformance and future planning.2. Explain what consolidated financial statements are and the additional informationthey provide.3. In terms of revenues, how many sources of revenue does Target have? Describehow they handle merchandise sales.4. Compute the current ratio for each of the last three years. Discuss if the currentratio improved, worsened, or held steady. Explain the significance of the changesand what the current ratio means.Please be thorough with your responses for each section, as if you were actuallypresenting this analysis. Your paper should adhere to APA formatting, including double-spacing and references if necessar