Stock Accountant at Kloverharris Limited

Job Description

• Reviewing purchase orders for accuracy and ensuring that they have been approved by the appropriate department head or manager
• Calculating cost of goods sold by using methods such as first in first out (FIFO) or last in first out (LIFO)
• Calculating inventory turnover ratios by dividing costs of goods sold by average inventory balances
• Monitoring inventory levels to ensure they are within acceptable ranges
• Ensuring that all inventory transaction details are recorded accurately in an accounting system
• Reporting on inventory levels, costs, and turnover rates to management
• Calculating cost of goods sold by using methods such as average cost, FIFO, LIFO, or average market price
• Verifying inventory counts and recording adjustments to inventory levels for items that have been used, damaged, or lost
• Determining methods for recording inventory transactions such as physical counts, perpetual systems, or estimates based on previous usage rates