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Analysis of Inventory

Difficulty: Advanced

Inventory Accounting Policy

Inventory consists primarily of finished goods and is stated at the lower of cost and net realizable value. Cost is computed using the first-in, first-out method.

Source: 10-K (filing date: 2019-02-05).

Inventory Disclosure

Alphabet Inc., Statement of Financial Position, Inventory

USD $ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Inventory 1,107  749  268  491  – 

Based on: 10-K (filing date: 2019-02-05), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-03), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-09).

Item Description The company
Inventory Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Alphabet Inc.’s inventory increased from 2016 to 2017 and from 2017 to 2018.