IRS Treasury Regulations

Section 1.471-1 – Need for Inventories

Section 1.471-2 – Valuation of Inventories

Section 1.471-3 – Inventories at Cost

Section 1.471-4 – Inventories at Cost or Market, Whichever is Lower [not applicable]

Section 1.471-5 – Inventories by Dealers in Securities [not applicable]

Section 1.471-6 – Inventories of Livestock Raisers and Other Farms [not applicable]

Section 1.471-7 – Inventories of Miners and Manufacturers [not applicable]

Section 1.471-8 – Inventories of Retail Merchants

Section 1.471-9 – Inventories of Acquiring Corporations [not applicable]

Section 1.471-10 – Applicability of Long-Term Contract Methods [not applicable]

Section 1.471-11 – Inventory of Manufacturers 


QuickStart Guide to Accounting for Cost of Goods Sold Copyright © 2019 by reecejr1 and Reece B. Morrel, Jr. JD MBA CPA CGMA AEP®. All Rights Reserved.

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