what is the Nikeinventory reserve? Nike make ongoing estimates relating to the net realizable value of inventories
Fantastic news! We've Found the answer you've been seeking!
Question:
what is the Nikeinventory reserve? Nike make ongoing estimates relating to the net realizable value of inventories based upon our assumptions about future demand and market conditions. If we estimate the net realizable value of our inventory is less than the cost of the inventory recorded on our books, we record a reserve equal to the difference between the cost of the inventory and the estimated net realizable value. This reserve is recorded as a charge to Cost of sales. If changes in market conditions result in reductions to the estimated net realizable value of our inventory below our previous estimate, we would increase our reserve in the period in which we made such a determination.
Related Book For
Posted Date: