Inventories represent the cost of goods purchased which will be
stored until issued for use. At Duke University inventories are
valued by the weighted average cost method, except for inventories
of the retail stores which are valued by the retail method. A physical
inventory count should be taken at least once a year.
Entries to these G/L accounts should be made only by the
department in charge of the inventory.
Represents the cost of Gothic Bookshop trade books on hand.
153700 Cord Blood Unit Inventory(Valid For: Univ)
To account for cord blood inventory for Department of Pediatrics.
153701 Research Tissue(Valid For: Univ)
This G/L account should be charged with the cost of obtaining, processing, storing, and maintaining an inventory of surplus human tissue for use in research for the School of Medicine Research Foundation.
158800 Duke University Marine Lab Stores(Valid For: Univ)
Represents the dollar amount of inventory at the Duke University Marine Lab storeroom and bookstore.
158900 Communications Stockroom (Valid For: Univ)
Represents Tele/Video's inventory of telephone parts and instruments, wire, and microwave equipment used for repairs and installation of telephones.
159000 Marine Laboratory Dining Hall (Valid For: Univ)
Represents inventory at the DUML Dining Hall facility.
159100 Duke University Golf Course: Pro Shop (Valid For: Univ)
Represents the cost of inventory for golfing accessories and sportswear which are sold at the Golf Course Pro Shop.
159200 Duke Marine Lab Bookstore (Valid For: Closed)
159300 Duke University Press(Valid For: Univ)
Represents all production costs for Duke University Press books in inventory.
159356 Duke University Press: Books All(Valid For: Univ)
159400 Duke Card Office Inventory(Valid For: Univ)
Represents inventory of cards and related production materials for Duke Card System.
159500 Mailing Deposit Duke University (Valid For: Univ)
Represents postage inventory for campus mailrooms. Includes deposit on the postage meters which are used to stamp outgoing mail as well as stamps held for sale to the public, and bulk mail permit deposits held by the US Postal Service.
159600 Mailing Deposit Duke Hospital(Valid For: Closed)
Represents inventory held by Baxter in their Morrisville warehouse which was bought by Duke University as part of the stockless hospital inventory program.
Represents an G/L account used as a reserve for obsolete surgical appliances inventory. The inventory is expensed in the year that it is determined to be obsolete and reserved for in this G/L account until it is physically removed from inventory.
197200 Materials Management: Reserve for Obsolete Medical Supplies Inventory (Valid For: DUHS)
Represents an G/L account used as a reserve for obsolete inventory. The inventory is expensed in the year that it is determined to be obsolete and reserved for in this G/L account until it is physically removed from inventory.
