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Documentation > MAC-PAC Reference Library > Financials > Inventory Accounting > Reports > Year-End LIFO Valuation

Year-End LIFO Valuation

IA560A

 


 

DATE:      10/04/93                                                                                                 PAGE      11

TIME:      11:00:00                                 CONSUMER SERVICE CO.                                            CO       002

REPORT:    IA-560A                                                                                                  LOC      001

                                              YEAR-END LIFO VALUATION REPORT              REQUESTOR                     WILLIAMS

     WAREHOUSE     B12     ALBANY DISTRIBUTION

     LIFO POOL     L1      LIFO POOL - L1

         PART NUMBER/           BEGINNING/      BASE PRICE/        BEGINNING BALANCE       ENDING BALANCE         ENDING BALANCE

          DESCRIPTION         ENDING BALANCE REPLACEMENT COST          BASE PRICE            BASE PRICE          REPLACEMENT COST

----------------------------- -------------- ----------------      -----------------      ----------------       -----------------

HR-006                          57,310.600          199.000           11,406,401.40        11,406,401.40                  .00

6" RATCHET SCREWDRIVER          57,310.600             .000

WR-001                          68,294.000           50.000            3,414,700.00         3,414,700.00           134,470.89

ONE INCH WRENCH                 68,294.000            1.969

WR-005                           1,856.000           90.000              167,040.00           279,450.00-                 .00

FIVE INCH WRENCH                 3,105.000-            .000

                                          POOL TOTALS                 14,988,141.40        14,541,651.40           134,470.89

                                          LIFO POOL ADJUSTMENT                                                       4,128.26-

Purpose

The Year-End LIFO Valuation Report prints the beginning and ending balances of each inventory part within a LIFO pool for each warehouse.  The balances are accumulated into LIFO pool totals and the LIFO pool adjustment is calculated.

Report Sequence

None.