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Analysis of Inventory
Advanced level
Accounting Policy on Inventory
Inventories are measured using the first-in, first-out method.
Source: 10-K (filing date: 2019-10-31).
Inventory Disclosure
Apple Inc., balance sheet: inventory
US$ in millions
Based on: 10-K (filing date: 2019-10-31), 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).
| 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 decreased from 2017 to 2018 but then slightly increased from 2018 to 2019. |