Stock Count, Reorder Levels and Average-Cost Valuation
Compare physical counts with recorded quantities, identify low-stock items and review weighted-average inventory cost in Accounts.
Open stock and inventoryRecord movements before counting
Post receipts and issues through the cut-off date and compare actual units to the recorded balance. Investigate the difference before posting the count.
Review average cost
Five units at USD 10 and five at USD 14 give ten units with an average cost of USD 12 before other movements. Use the stock card to trace changes.
Use low-stock alerts as a review list
Set a reorder threshold where useful and review low-stock items against pending purchases and expected demand.