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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1323 |
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Exxon Mobil's physical inventory levels of ?crude oil, products, and merchandise' decreased by $0.3 billion during 2005. Taking a quick glance at the total balances in Exhibit 8 note 3 you'll see that the ending balances are $7.8 billion and $8.1 billion for 2005 and 2004 respectively. Analyzing the numbers further we see that petroleum products and crude oil decreased by $0...
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Analyzing the numbers further we see that petroleum products and crude oil decreased by $0.2 billion and $0.1 billion respectively. However, Exxon Mobil tracks its inventory using a dollar value ? LIFO method. In other words, inventory is tracked in dollars rather than units making it difficult to determine the physical levels of inventory...
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