# ASC 330-10-10: Inventory — Overall — 10 Objectives

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/330/10/#10-objectives)

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## ASC 330-10-10: 10 Objectives

[Read section](https://asc.understandingaccounting.org/asc/330/10/#10-objectives)

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##### [330-10-10-1](https://asc.understandingaccounting.org/asc/330/10/#330-10-10-1)

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A major objective of accounting for inventories is the proper determination of income through the process of matching appropriate costs against revenues.