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Interim Inventory Roll forward

Use this workbook to roll forward recorded interim inventory balances to year-end balances.
Entering Data
This workbook provides sections for classifying inventory as purchased, donated, or agency. For each section, space is provided to enter the inventory types, interim inventory balances, subsequent additions, and subsequent disposals. Enter disposals as negative amounts in the Purchased and Donated sections of the worksheet and positive amounts in the Agency section of the worksheet. Since agency inventory represents a liability (credit account), interim agency inventory and subsequent additions should be entered as a negative amount in the Agency section of the worksheet. However, disposals of agency inventory should be entered as a positive amount in the Agency section of the worksheet.
Sometimes, donated materials or supplies are passed from one organization to another at the request of a donor. If a donor does not give the nonprofit organization the discretion to choose who will get the donated items, the nonprofit organization serves only as an agent. When it acts as an agent, the nonprofit organization can either (a) report the receipt of donated materials, supplies, or other nonfinancial assets as a liability to the beneficiary concurrent with recognition of the assets received or (b) not report the transaction at all. If the nonprofit organization acting in an agency capacity reports an asset and liability for the "inventory" received, both are measured at the fair value of the assets received. The related asset should be reported in the "Donated Inventory Types" section of this workbook, with the corresponding liability recorded in the "Agency Inventory Types." If the nonprofit organization elects to not report agency transactions, the "inventory value" should not be recorded in this workbook.
Inserting and Deleting Line Items
Each section of the worksheet contains eight line items. If fewer than eight line items are needed, excess rows can be deleted.  See the section “General Workpaper Functionality and Tips for Entering Data” for information concerning the tips for and potential effects of inserting and deleting workbook line items.