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S-X 5-02(6)(a) requires an SEC registrant to state separately on the balance sheet or in a footnote the amounts of major classes of inventory, such as finished goods, inventoried costs relating to long-term contracts or programs, work in process, raw materials, and supplies.
As discussed in ASC 420-10-S99-3, inventory markdowns, including those attributed to an exit plan or other restructuring activity (not accounted for as discontinued activity) should be classified on the income statement as a component of cost of goods sold.
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