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Microsoft Excel LibreOffice Calc

Micron Technology Inc. (NASDAQ:MU)


Analysis of Inventory

Advanced level


Accounting Policy on Inventory

Inventories are stated at the lower of average cost or net realizable value. Cost includes depreciation, labor, material, and overhead costs, including product and process technology costs. When net realizable value (which requires projecting future average selling prices, sales volumes, and costs to complete products in work in process inventories) is below cost, Micron records a charge to cost of goods sold to write down inventories to their estimated net realizable value in advance of when inventories are actually sold. Micron reviews the major characteristics of product type and markets in determining the unit of account for which Micron performs the lower of average cost or net realizable value analysis and categorizes inventories primarily as memory (including DRAM, NAND, and other memory). Micron removes amounts from inventory and charges such amounts to cost of goods sold on an average cost basis.

Source: 10-K (filing date: 2019-10-17).


Inventory Disclosure

Micron Technology Inc., balance sheet: inventory

US$ in millions

Microsoft Excel LibreOffice Calc
Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015 Aug 28, 2014
Finished goods
Work in process
Raw materials and supplies
Inventories

Based on: 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27), 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. Micron Technology Inc.’s inventories increased from 2017 to 2018 and from 2018 to 2019.