storing & issuing
TRANSCRIPT
AANND D
ISSUINGISSUING
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OBJECTIVE
To maintain adequate supply of raw
materials with minimum loss through
spoilage and pilferage
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TYPES OF STORES
Food StoresBeverage StoresNon Food & Beverage StoresDepartment’s Stores
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ESSENTIALS FOR EFFICIENT STORE SYSTEM
Stock of Raw Material is kept at a
suitable level.
Checking of Raw Material entering or
leaving stores
Taking periodic inventory04/15/23 5S Kacker, IHM, Mumbai
CHARACTERISTICS OF STORES
Constructed of material which can be
cleaned easily
Well lit
Well ventilated
Well secured
Pest & Rodent free
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FACILITIES FOR DRY STORES
Adequate space
Location
Security
Temperature, humidity, lighting
Shelving & arrangement of the contents
Protection from insects and pest
infestation04/15/23 7S Kacker, IHM, Mumbai
REFRIGERATED STORES
Cold Stores or Walk in Cooler
Frozen Food Stores or Deep Freeze
1.Temperature to be maintained
2. Ante` room
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TYPES OF ISSUING
1.Direct delivery to kitchen
2. Indirect delivery through stores
ESSENTIALS
Timing of issues
Correct weighing scales
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RECORDS MAINTAINED
Requisition Book
Bin Cards
Stock Registers
Food & Beverage transfer
note/memo
Goods Damaged Book04/15/23 10S Kacker, IHM, Mumbai
CONTROL PROCEDURES Stock taking Rate of Stock turnover i.e. Cost of Food Consumed (opening stock+ closing stock)
Average value of stock 2 3000 = 30000 = 4.0800 + 700 750 2Pricing of issues
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STOCK TURN OVERIf Rs 1000 is the cost of food purchase consumed in one trading period (30days)
Opening Stock Rs 400Closing Stock Rs 200
RST = Cost of food consumed =1000__ = 1000 = 3.33 Average Stock (400+200) 300
Stock turned 3.33 times in a month.
Ten days stock is maintained.04/15/23 12S Kacker, IHM, Mumbai
PRICING OF ISSUESOR
VALUATION OF STOCK
Actual Purchase Price Simple Average Price Weighted Average Price Last In First Out First In First Out Inflated Price Standard Price/ Contract Price
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Receipt Issue Bal
Date Units Rate Units Units
1st 400 2.5 - 400
6th - - 200 200
8th 500 2.8 - 700
12th - - 300 400
15th 300 2.4 - 700
18th (500)ORDERED 2.6 - 700
28th - - 500 200
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FIFO Issues Pricing
6th 200 @2.5
12th
300 200 100
@2.5
28th
500 400 100
@2.8
@2.4
Bal 200 units @ 2.4
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LIFO Issues Pricing
6th 210 @ Rs 2.5
12th
300 @ Rs 2.8
28th
500 300 200
@ Rs 2.4
@ Rs 2.8
Bal Stock Value at Rs.2.8
HIFOReceived Issued Bal @ Rs
1st 400 @ 2.5 - 400 @ 2.5
6th - 200 @ 2.5 200 @ 2.5
8th 500 @2.8 - 200@ 2.5+500@ 2.8
12th - - 300@ 2.8 200 @ [email protected]
15th 300 2.4 - [email protected]@[email protected]
28th 500200 @ 2.8200.2.51.00.2.5
Bal 200 @2.4
NIFO
Bal 200 @2.5
R Iss Bal
1st 400 2.5 Un R 400 @2.5
6th - - 200 2.5 [email protected]
8th 500 2.8 - - 200 @ 2.5+500@ 2.8700
12th - - 300 2.8 200@ 2.5200@ 2.8400
15th 300 2.4 - - 200@ 2.5200@ 2.8300.2.44
28th - - 500 300 200
2.42.8
04/15/23 20S Kacker, IHM, Mumbai