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These excerpts taken from the WDC 10-K filed Aug 20, 2008. Inventory
We value inventories at the lower of cost
(first-in,
first-out and weighted average methods) or net realizable value.
Weighted-average
cost is calculated based upon the cost of precious metals at the
time they are received by us. We have determined that it is less
practicable to assign specific costs to individual units of
precious metal and as such, we relieve our precious metals
inventory based on the
weighted-average
cost of the inventory at the time the inventory is used in
Table of Contents
production. The weighted average method of valuing precious
metals does not materially differ from a first-in, first-out
method. We record inventory write-downs for the valuation of
inventory at the lower of cost or net realizable value by
analyzing market conditions and estimates of future sales prices
as compared to inventory costs and inventory balances.
We evaluate inventory balances for excess quantities and
obsolescence on a regular basis by analyzing estimated demand,
inventory on hand, sales levels and other information, and
reduce inventory balances to net realizable value for excess and
obsolete inventory based on this analysis. Unanticipated changes
in technology or customer demand could result in a decrease in
demand for one or more of our products, which may require a
write down of inventory that could negatively affect operating
results.
Inventory We value inventories at the lower of cost (first-in, first-out and weighted average methods) or net realizable value. Weighted-average cost is calculated based upon the cost of precious metals at the time they are received by us. We have determined that it is less practicable to assign specific costs to individual units of precious metal and as such, we relieve our precious metals inventory based on the weighted-average cost of the inventory at the time the inventory is used in
Table of Contentsproduction. The weighted average method of valuing precious metals does not materially differ from a first-in, first-out method. We record inventory write-downs for the valuation of inventory at the lower of cost or net realizable value by analyzing market conditions and estimates of future sales prices as compared to inventory costs and inventory balances. We evaluate inventory balances for excess quantities and obsolescence on a regular basis by analyzing estimated demand, inventory on hand, sales levels and other information, and reduce inventory balances to net realizable value for excess and obsolete inventory based on this analysis. Unanticipated changes in technology or customer demand could result in a decrease in demand for one or more of our products, which may require a write down of inventory that could negatively affect operating results. This excerpt taken from the WDC 10-K filed Aug 28, 2007. Inventory
We value inventories at the lower of cost
(first-in,
first-out basis) or net realizable value. We record inventory
write-downs for the valuation of inventory at the lower of cost
or net realizable value by analyzing market conditions and
estimates of future sales prices as compared to inventory costs
and inventory balances.
We evaluate inventory balances for excess quantities and
obsolescence on a regular basis by analyzing estimated demand,
inventory on hand, sales levels and other information, and
reduce inventory balances to net realizable value for excess and
obsolete inventory based on this analysis. Unanticipated changes
in technology or customer demand could result in a decrease in
demand for one or more of our products, which may require an
increase in inventory balance adjustments that could negatively
affect operating results.
This excerpt taken from the WDC 10-K filed Nov 20, 2006. Inventory
We value inventories at the lower of cost
(first-in,
first-out basis) or net realizable value. We record inventory
write-downs for the valuation of inventory at the lower of cost
or net realizable value by analyzing market conditions and
estimates of future sales prices as compared to inventory costs
and inventory balances.
We evaluate inventory balances for excess quantities and
obsolescence on a regular basis by analyzing backlog, estimated
demand, inventory on hand, sales levels and other information,
and reduce inventory balances to net realizable value for excess
and obsolete inventory based on this analysis. Unanticipated
changes in technology or customer demand could result in a
decrease in demand for one or more of our products, which may
require an increase in inventory balance adjustments that could
negatively affect operating results.
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