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Choose a US public company that sells inventory (everyone needsto pick a different company). Review their most recent AnnualReport. .QuestionsWhat inventory costing method does the company use? Explain whyyou think the company uses this particular method?What might happen to the company’s income and inventory balanceif they chose an alternative costing method? Be specific in yourexample.Does the company value their inventory at lower of cost ormarket (LCM)? If so, how does the company define market? Whatfactors might it consider in deciding whether or not to write downits inventory?If the company does not use LCM, what method does the companyuse to value its inventory in consideration of possible inventorywrite-downs?Can help with this question. The company is Costco.