15xxxx / 19xxxx: Inventories
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.
II. G/L ACCOUNT DEFINITIONS
- Room 0612 - Pharmacy Reserve Storage
- Room 0412 - Walk-in Refrigerator
- Room 0415 - Pharmacy Narcotic Cage
Represents inventory for the store at the Duke Integrative Medicine Center. (CLOSED DEC FY21)
Represents inventory at Uncle Harry's store. (CLOSED DEC FY21)
Represents inventory at the DUML Dining Hall facility.
DUHS Board Designated Fund for 2017 Taxable Bonds. Account will reflect funds designated within HSP for funding of the $600M 2017 Taxable Bullet (6/1/2047).
GL account for the Health System's investment in nference.
GL account for investment in Wake County Rehabilitation Hospital, LLC, a triventure with Duke Affiliations Network, WakeMed, and LPNT IRF Development
Represents office machine supplies for resale to Duke community held by Office Products.
Represents a clearing account for work study invoices that are billed to the University by third party staffing agencies.