S Corp Cash or Accrual

[mark5]

I have a new S Corp client. Their gross receipts will be less than $26 million. Can I file as a cash basis  and still report the inventory on the Balance Sheet and indicate the inventory method as hybrid.

Thanks in advance. 

[sjrcpa · Accepted solution]

Yes to cash basis and inventory on the balance sheet. What do you mean by hybrid inventory method?

[mark5]

Methods used for value closing inventory: other: then i would indicate hybrid?

[sjrcpa]

What exactly is a hybrid method for valuing closing inventory?