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Internet Case 16.3 – Calculating Cost of Goods ManufacturedAs an employee, write an internal memo to your manager addressing the following:Please be sure to address the following in a memo style and not just data. Using the Internet, locate the most recent financial report of a company of your choosing. The company you select to research must be in the business of manufacturing a product. If the required information is not available, then you will need to select a different company.Address the following in your memo:Do not research the company listed in the text.All of the below companies are off limits.Coca ColaConquestHome DepotAmerican TelevisionWinners Internet NetworkShimano CompanyWhat categories of inventory does the company show in its inventories footnote under “Notes to Consolidated Financial Statements”?Using the income statement and inventory information from the footnote, calculate the cost of finished goods manufactured for the most recent year.What elements of manufacturing overhead can you identify using the annual report?Be sure to cite your sources in MLA formate
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