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Analysis of Inventory
Difficulty: Advanced
Inventory Accounting Policy
Inventories are computed using the first-in, first-out method.
Source: 10-K (filing date: 2018-11-05).
Inventory Disclosure
Apple Inc., Statement of Financial Position, Inventory
USD $ in millions
| Sep 29, 2018 | Sep 30, 2017 | Sep 24, 2016 | Sep 26, 2015 | Sep 27, 2014 | Sep 28, 2013 | ||
|---|---|---|---|---|---|---|---|
| Inventories | |
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Based on: 10-K (filing date: 2018-11-05), 10-K (filing date: 2017-11-03), 10-K (filing date: 2016-10-26), 10-K (filing date: 2015-10-28), 10-K (filing date: 2014-10-27), 10-K (filing date: 2013-10-30).
| Item | Description | The company |
|---|---|---|
| Inventories | Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). | Apple Inc.'s inventories increased from 2016 to 2017 but then slightly declined from 2017 to 2018. |
