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UNFI » Topics » Inventory Costs: an amendment of ARB No. 43, Chapter 4

This excerpt taken from the UNFI 10-K filed Oct 13, 2005.
Inventory Costs: an amendment of ARB No. 43, Chapter 4 (“SFAS 151”), to clarify the accounting for abnormal amounts of idle facility expense, freight, handling costs and wasted material. SFAS 151 is effective for inventory costs incurred during fiscal years beginning after June 15, 2005. The Company will adopt SFAS 151 effective August 1, 2005 and the Company does not believe that SFAS 151 will have a material impact on its consolidated financial position or results of operations.

In December 2004, the FASB issued SFAS No. 123R,

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