Sherwin-Williams (obtain 2019 annual report or 10k online—review financial statements and notes—all #’s are in $M)
1. What inventory costing method(s) does Sherwin-Williams use for financial reporting?
2. Calculate inventory turnover for fiscal year 2019 (use total reported inventory).
3. Compute the amount of "Work-in-process and raw materials" transferred to finished goods during 2019.
4. What method of depreciation does Sherwin-Williams use for its PPE?
5. How much was depreciation expense during 2019?