Eli Lilly 08 and 09 - discussions, what does this mean? 4....

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2009 Eli Lilly Financial Statement Analysis Name: Chapters 8 and 9: Inventory 1. What inventory method is used for the majority of all inventories located in the continental United States? 2. What percentage of total inventory does this represent? 3. The notes indicate that FIFO cost approximates current replacement cost. Based on our class
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Unformatted text preview: discussions, what does this mean? 4. What are the components of the total inventory costs for 2009? Dont worry about the reduction to LIFO cost. Finished products: Work in process: Raw materials and supplies: 5. What is the % of inventories to total assets for 2009? Round to the nearest whole percent....
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