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NUAN » Topics » Inventories

These excerpts taken from the NUAN 10-K filed Dec 1, 2008.
Inventories
 
Inventories are stated at the lower of cost, computed using the first-in, first-out method, or market. The Company regularly reviews inventory quantities on hand and records a provision for excess and/or obsolete inventory primarily based on future purchase commitments with its suppliers, and the estimated utility of its inventory as well as other factors including technological changes and new product development.
 
Inventories


 



Inventories are stated at the lower of cost, computed using the
first-in,
first-out method, or market. The Company regularly reviews
inventory quantities on hand and records a provision for excess
and/or
obsolete inventory primarily based on future purchase
commitments with its suppliers, and the estimated utility of its
inventory as well as other factors including technological
changes and new product development.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 1, 2008

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