Abtos Company is a U.S. manufacturer that is publicly traded. Abtos reports $12 million of inventory on

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Abtos Company is a U.S. manufacturer that is publicly traded. Abtos reports $12 million of inventory on its balance sheet, inventory includes raw materials, work-in-process, and finished goods. Is Abtos required to disclose the amounts for each class of inventory or can it simply report the total $12 million balance on its balance sheer? Provide Codification reference, to support your answer to this question.

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Intermediate Accounting

ISBN: 978-0134730370

2nd edition

Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

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