Examples of Closing Inventory in a sentence
PART BCONSUMABLE TEMPLATEINPUT / OUTPUT CONSUMABLE INVENTORY REPORT FOR THE YEAR ENDING 31 MARCH 20XX Opening Inventory as at 1 April 20XX: Plus: Cost of Goods Purchased or Acquired: Minus: Consumption / Removals: $ -Closing Inventory as at 31 March 20XX: NOTES Note 1: The closing inventory as at 31 March 20XX must be equal to the itemized listing of consumable items provided through Part A, DND Owned Inventory Holdings Held by Contractors as at 31 March 20XX.
Closing Inventory – Actual physical inventory as of the last day of the quarter printed on Page 1.
If Buyer fails to deliver such written notice within such 30-day period, Seller’s calculation of the Closing Inventory Amount shall be the Final Inventory Amount, which shall be binding upon the parties.
The “Delivered Volume” for Month M is equal to the Opening Inventory in Month M plus the Supplied Volume in Month M minus Closing Inventory in Month M.
The Excise Duty in respect of Closing Inventory of Finished Goods is included as part of the Inventory.