Analysis of Inventory
Accounting Policy on Inventory
Inventories are valued at the lower of cost or market value. Product-related inventories are maintained on the first-in, first-out method. The cost of spare part inventories is maintained using the average-cost method.
Source: 10-K (filing date: 2019-08-06).
Procter & Gamble Co., balance sheet: inventory
US$ in millions
|Jun 30, 2019||Jun 30, 2018||Jun 30, 2017||Jun 30, 2016||Jun 30, 2015||Jun 30, 2014|
|Materials and supplies|
|Work in process|
Based on: 10-K (filing date: 2019-08-06), 10-K (filing date: 2018-08-07), 10-K (filing date: 2017-08-07), 10-K (filing date: 2016-08-09), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).
|Inventories||Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.||Procter & Gamble Co.’s inventories increased from 2017 to 2018 and from 2018 to 2019.|