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What is Chemical Inventory Variance Report Summary about?

Chemical inventory records from February 2019 showed a higher opening balance than actual quantities on hand. An investigation found items issued in December 2018 and January 2019 were not accounted for, resulting in a $65,349 variance. Specifically, three chemicals had costs of issues not included: CMHPG Gel for $11,849, Friction Reducer for $9,742, and Ammonium Chloride for $18,240, totaling $39,831. Adjusting for this, the actual opening stock for February 2019 was $130,632 rather than the $195,981 origi

Author

vijayp_andey

Language

EN