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Microsoft Corp. (MSFT)
Analysis of Inventory
Inventory Accounting Policy
Inventories are stated at average cost, subject to the lower of cost or net realizable value. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. Net realizable value is the estimated selling price less estimated costs of completion, disposal, and transportation. Microsoft regularly reviews inventory quantities on hand, future purchase commitments with the suppliers, and the estimated utility of the inventory. If the review indicates a reduction in utility below carrying value, Microsoft reduces the inventory to a new cost basis through a charge to cost of revenue.
Source: 10-K (filing date: 2018-08-03).
Microsoft Corp., Statement of Financial Position, Inventory
USD $ in millions
|Jun 30, 2018||Jun 30, 2017||Jun 30, 2016||Jun 30, 2015||Jun 30, 2014||Jun 30, 2013|
|Work in process|
Based on: 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-02), 10-K (filing date: 2016-07-28), 10-K (filing date: 2015-07-31), 10-K (filing date: 2014-07-31), 10-K (filing date: 2013-07-30).
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||Microsoft Corp.’s inventories declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.|