Reference no: EM133499933
Case Study: Oshkosh (OSK) designs, manufactures, and markets specialty vehicles and vehicle bodies.Oshkosh operates across four main segments: Access Equipment, Defense, Fire & Emergency,and Commercial. The company is headquarters in Oshkosh, WI and went public in 1985.
Question 1. What are examples of specialty vehicles across the four product lines?
Question 2. What type of inventory does Oshkosh hold and what is the value of inventory reportedon the Balance Sheet in 2022?
Question 3. What accounting method does Oshkosh use for their inventory? What reasons do theyprovide on why that method was selected?
Question 4. Calculate the inventory turnover ratio, gross profit margin, and effective tax rate underFIFO and LIFO for 2022. Describe what changed and how you would interpret thechange.
Question 5. What other factors may influence Oshkosh's inventory accounting method choice