Showing posts with label materials. Show all posts
Showing posts with label materials. Show all posts

Tuesday, August 25, 2015

How to Check the Stock Value of Quarantine Stock


Check the purchase order or invoice for the quarantine stock. Quarantine stock is normally valued at the total cost of acquiring the good, just like any other inventory item. For a retailer, cost of goods is usually the wholesale price. If the business is a manufacturer, add in the value of direct labor allocated per unit to the purchase price of the raw materials used to make the item.
Add shipping charges paid when the stock was originally purchased. Allocate a portion of the freight costs on a per-unit basis. Suppose you want to quarantine an item that cost $20 and came in as part of a shipment of 200 units with a shipping cost of $100. Divide the shipping cost by the number of units to get a unit shipping cost of 50 cents. Allocate this amount and you have a value for the quarantine stock of $20.50.
Calculate the market value of the quarantine stock if it has lost value because it is obsolete, damaged or defective. Generally accepted accounting principles state that the market value of the quarantine stock may not be more than the net realizable value, meaning the price you can sell the item for minus disposal and carrying costs. Also, the write-down amount can’t be less than the NRV minus the item’s normal profit margin.
Call the supplier of the quarantined item and ask for the current replacement cost. Adjust the value of the quarantine stock to the lower of the replacement cost or the market value from Step 3.

Sunday, August 16, 2015

How to Buy Card Stock (5 Steps)


Choose the weight of the paper needed for your project. Light card stock starts at 100-120 gsm (grams per square meter). Regular is 120-150 gsm, heavy is 150-200 gsm and super heavy is more than 200 gsm.
Pick the fiber quality desired. The base of most card stock falls into two categories: pulp and pulp-free. Pulp can be made from various materials such as other paper or pure cellulose. Fibers can also be from vegetables or plants such as hemp, flower petals or bark. The difference is all just for aesthetics so determine what is right for your project.
Decide which color you prefer for your project. Card stock comes in many solid, pastel, fluorescent and bright colors and even patterns.
Choose a finish and/or surface texture if desired. Options can include vellum, felt, embossed and many others depending on the requirements your project demands.
Finally, choose a size. While many sizes are available in the most popular colors, card stock can also be customized either by cutting it yourself or having it professionally done by the company from which you ordered it. Be aware that some specialized cardstock, usually those with high-end surface textures, may only come in certain sizes and you will have to take this into consideration in regards to sizes you require. The most popular sizes are 3.5 x 5in (8.89 x 12.7cm), 4 x 6in (10.16 x 15.24in), 5 x 7in (12.7 x 17.78cm), and 8.5 x 11in (21.59 x 27.94cm).