Microsoft Corp. (MSFT)

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
	Raw materials
	Work in process
	Finished goods
	Inventories

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).