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Analysis of Inventory
Inventory Accounting Policy
HP values inventory at the lower of cost or market. Cost is computed using standard cost which approximates actual cost on a first-in, first-out basis. Adjustments, if required, to reduce the cost of inventory to market (net realizable value) are made, for estimated excess, obsolete or impaired balances.
Source: 10-K (filing date: 2018-12-13).
HP Inc., Statement of Financial Position, Inventory
USD $ in millions
|Oct 31, 2018||Oct 31, 2017||Oct 31, 2016||Oct 31, 2015||Oct 31, 2014||Oct 31, 2013|
|Purchased parts and fabricated assemblies|
Based on: 10-K (filing date: 2018-12-13), 10-K (filing date: 2017-12-14), 10-K (filing date: 2016-12-15), 10-K (filing date: 2015-12-16), 10-K (filing date: 2014-12-18), 10-K (filing date: 2013-12-30).
|Inventory||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||HP Inc.’s inventory increased from 2016 to 2017 and from 2017 to 2018.|