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HP Inc. (HPQ)
Analysis of Inventory
Difficulty: Advanced
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).
Inventory Disclosure
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 | ||||||||
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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).
| Item | Description | The company |
|---|---|---|
| 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. |