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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

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Sep 29, 2018 Sep 30, 2017 Sep 24, 2016 Sep 26, 2015 Sep 27, 2014 Sep 28, 2013
Inventories hidden hidden hidden hidden hidden hidden

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.