Federal Income Taxation of Inventories

VOLUME 1

Chapter 1: The Need for Inventories
Chapter 2: When Goods Are Included in Inventory -- The Flow of Goods and Costs
Chapter 3: Methods of Inventory Valuation -- General Principles
Chapter 4: Uniform Capitalization Rules -- Background and Substantive Rules
Chapter 5: Uniform Capitalization Rules -- Allocation Methods -- Transition Procedures -- Long-Term Contracts -- Computation of Cost of Goods Sold
Chapter 6: Inventory Valuation -- Subnormal Goods
Chapter 7: Inventory Valuation -- Lower of Cost or Market
Chapter 8: Inventory Valuation Methods -- Specialized Industries
Chapter 9: LIFO -- Background and History
Chapter 10: LIFO -- Adoption and Termination -- Economic Considerations and Procedural Aspects
Chapter 11: Adoption of LIFO -- Substantive Requirements
Chapter 12: Specific Goods LIFO
Chapter 13: Dollar-Value LIFO -- General Concepts and Methods of Pooling
Chapter 14: Methods of Pricing Dollar-Value LIFO Inventories
Chapter 14A: Retail and Simplified LIFO Pricing
Chapter 15: Dollar-Value LIFO -- Methods of Valuing Increments
Chapter 16: LIFO Method Changes
Chapter 17: Transfer of Inventories

VOLUME 2

Appendix I: 1986 Code Provisions -- Inventories
Appendix II: Income Tax Regulations -- Inventories
Appendix IIA: Notices -- Inventories
Appendix III: IRS Administrative Pronouncements

VOLUME 3

Appendix III: IRS Administrative Pronouncements (continued)
Appendix IIIA: IRS Letter Rulings -- Pre-November 1, 1976 Requests
Appendix IIIB: General Counsel Memoranda
Appendix IV: Sample LIFO Election and Accounting Method Change Election
Appendix V: Internal Revenue Manual -- Inventories