As the article says, *Accounting rules say inventories are to be valued at the “... | Hacker News

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wmf on Dec 5, 2011 | parent | context | favorite | on: Behind RIM’s $485M Write-off

As the article says, Accounting rules say inventories are to be valued at the “lowest of cost or market”, not price.

The scandal is that any company would have over one year of inventory in the modern just-in-time manufacturing age.

njloof on Dec 6, 2011 [–]

I wonder if they had a minimum commitment to the manufacturer.

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