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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 | Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. | Apple Inc.’s inventories increased from 2016 to 2017 but then slightly declined from 2017 to 2018. |
