Problem
Merchandise inventory involves assets held for sale in the ordinary course of business of wholesale and retail companies. Manufacturing inventories are raw materials or WIP that will be used or consumed to produce finished goods to be sold. Reviewing the annual report of Hewlett Packard, explain how inventory is presented on the balance sheet and what further information you found in the footnote disclosures about the inventory method and impairment of inventory if any. FIFO, LIFO, or weighted average.