Coca-Cola Co. (KO)
Analysis of Inventory
High level of difficulty
Inventory Accounting Policy
Inventories consist primarily of raw materials and packaging (which include ingredients and supplies) and finished goods (which include concentrates and syrups in Coca-Cola’s concentrate operations and finished beverages in the finished product operations). Inventories are valued at the lower of cost or net realizable value. Coca-Cola determines cost on the basis of the average cost or first-in, first-out methods.
Source: 10-K (filing date: 2019-02-21).
Coca-Cola Co., balance sheet: inventory
US$ in millions
|Dec 31, 2018||Dec 31, 2017||Dec 31, 2016||Dec 31, 2015||Dec 31, 2014|
|Raw materials and packaging|
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||Coca-Cola Co.’s inventories declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.|