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US GAAP Disclosure List 2026
↑Content | InventoryInventory, LIFO Reserve, Effect on Income, Net
| Item | Type | Period | Balance | Description |
|---|---|---|---|---|
| Inventory, LIFO Reserve, Period Charge | $ | duration | debit | The change in the inventory reserve representing the cumulative difference in cost between the first in, first out and the last in, first out inventory valuation methods, which change has been reflected in the statement of income during the period. |
| Effect of LIFO Inventory Liquidation on Income | $ | duration | credit | The effect of liquidating LIFO (last in first out) inventory layers on income. |
| Inventory, LIFO Reserve, Effect on Income, Net, Total | $ | duration | debit | The difference between the change in the inventory reserve representing the cumulative difference in cost between the first in, first out and the last in, first out inventory valuation methods and any LIFO decrement which have been reflected in the statement of income during the period. |