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Enclosure: (6) to COM3TINST M1710.13
2. Horale Fund Inventory Accounting Sheet (IX-5017).
a. Refer to the example entries in exhibit (6A).
b. This form serves tKo purposes:
(1) Maintain a running balance of th e inventory for reorder purposes; and
(2) verify accuracy of physical inventory at the end of the quarter.
C. A new CG-5017 should be started at the beginning of each quarter.
d. For routine transactions including purchases, issues, or losses of
inventory refer to the examples in the exhibit (6A). Enter:
(1) The date of the transaction;
(2) description;
(3) the appropriate quantities and values; and
(4) the quantity remaining as balance.
e. To value your inventory a t the end of the quarter make the last two
entries as shown on the example form. It is appropriate to value the
entire inventory at the last purchase price, including the inventory
already in machines.
f. A separate CG-5017 should be maintained for each individual inventory
item. Units with larg e MWR activities and inventory may devise their own
internal inventory record keeping system. Such system must, as a minimum
include the line items on the CG-5017. Inventory listings should be
attached to the CG-5317 and maintained as supporting documentation. It
would be inappropriate to maintain one CG-5017 for a wide variety of
sodas with different prices. This would cause large fluctuations in the
value of your inventory.
9. Inventory information shall be entered as,appropriate on line (A-5)
CG-2985A.
h. Units with automated systems providing inventory records and printouts
which properly support the figures on the operating statement are not
required to use the CG-5017.