8 Inventory Costing Methods That You Might Not Know About

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Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. They do not resemble your physical flow of goods, but rather, they allocate costs to either cost of goods sold or your ending inventory. We’ll start by explaining why inventory costing is important.

Hurricane Florence: What We Know About the Year's First Major Storm

Elementum

Tropical storm Olivia has prompted storm warnings in Hawaii, with an expected 5-10 inches of flooding to affect the main islands. Storm surges make headlines, but they are just the beginning of potentially weeks of compromised delivery routes and warehouse operations. Mitigate this as much as possible by moving at-risk inventory to strategic locations. Hurricane Florence is predicted to be one of the strongest storms on the Eastern seaboard in decades.

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What are Ecommerce Shipping Zones?

Supply Chain Game Changer

For example, if a package originates at Red Stag Fulfillment’s Knoxville warehouse, the origin ZIP code starts with 377. A shipment to Hawaii falls into Zone 45. The further your fulfillment warehouse is from your customer, the higher the zone. Ask your fulfillment warehouse if you can benefit from negotiated shipping rates. You either self-fulfilled from your own warehouse or found a local fulfillment company. Strategic Fulfillment Warehouse Locations.

Hurricane Florence: What You Need to Know About the Year's First Major Storm

Elementum

Tropical storm Olivia has prompted storm warnings in Hawaii, with an expected 5-10 inches of flooding to affect the main islands. Storm surges make headlines, but they are just the beginning of potentially weeks of compromised delivery routes and warehouse operations. Mitigate this as much as possible by moving at-risk inventory to strategic locations. Hurricane Florence is predicted to be one of the strongest storms on the Eastern seaboard in decades.