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These excerpts taken from the GIS 10-K filed Jul 11, 2008. Inventories All
inventories in the United States other than grain and certain
organic products are valued at the lower of cost, using the
last-in,
first-out (LIFO) method, or market. Grain inventories and all
related cash contracts and derivatives are valued at market with
all net changes in value recorded in earnings currently.
Inventories outside of the United States are valued at the
Table of Contents
lower of cost, using the
first-in,
first-out (FIFO) method, or market.
Shipping costs associated with the distribution of finished
product to our customers are recorded as cost of sales and are
recognized when the related finished product is shipped to and
accepted by the customer.
Inventories All inventories in the United States other than grain and certain organic products are valued at the lower of cost, using the last-in, first-out (LIFO) method, or market. Grain inventories and all related cash contracts and derivatives are valued at market with all net changes in value recorded in earnings currently. Inventories outside of the United States are valued at the
Table of Contentslower of cost, using the first-in, first-out (FIFO) method, or market. Shipping costs associated with the distribution of finished product to our customers are recorded as cost of sales and are recognized when the related finished product is shipped to and accepted by the customer. This excerpt taken from the GIS 10-Q filed Mar 20, 2008. (5) Inventories The components of inventories were as follows:
This excerpt taken from the GIS 10-Q filed Dec 19, 2007. (5) Inventories The components of inventories were as follows:
This excerpt taken from the GIS 10-Q filed Jan 5, 2007. (7) Inventories The components of inventories are as follows:
This excerpt taken from the GIS 10-Q filed Apr 3, 2006. (5) Inventories The components of inventories were as follows:
This excerpt taken from the GIS 10-Q filed Jan 6, 2006. (4) Inventories The components of inventories were as follows:
This excerpt taken from the GIS 10-Q filed Oct 3, 2005. (4) Inventories The components of inventories are as follows:
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