# ASC 330-912-05: Inventory — Contractors—Federal Government — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/330/912/#05-overview-and-background)

Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-09T23:52:34.600Z to 2026-09-09T23:52:34.600Z

Record version: sha256:7ea1d0d36c523c313bea16d61584247a634b50ffcf69e5509e2c23402aa9d56b

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 330-912-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/330/912/#05-overview-and-background)

SEC content: no

##### [330-912-05-1](https://asc.understandingaccounting.org/asc/330/912/#330-912-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-09T23:52:34.600Z to 2026-09-09T23:52:34.600Z

Record version: sha256:ad04e017d29d7a50137479b746d924929f54d9eba99db6b0b6df653e1f44a013

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


This Subtopic provides guidance to government contractors related to inventory reacquired in a contract termination for the convenience of the government and the costs included in contract inventory.