# Inventory valuation issues with goods purchased for resale

**Category:** [Yahoo Archive](https://www.epiusers.help/c/yahoo-archive/9)
**Created:** 2001-02-22 14:28 UTC
**Views:** 367
**Replies:** 0
**URL:** https://www.epiusers.help/t/inventory-valuation-issues-with-goods-purchased-for-resale/2295

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## Post #1 by @system

<div id="ygrps-yiv-437895310">Fellow Users,<br/>
<br/>
We at Bell Manufacturing have been on Vantage for approx. 7 months.  <br/>
We are not using the Inventory Interface.<br/>
<br/>
  I am interested in talking with other users about valuation issues <br/>
that surround outsourced products purchased for resale and the timing <br/>
issues that occur when our vendors do not get all the costs to us in <br/>
a timely manner.<br/>
<br/>
  An example of this for Bell is when we purchase goods from Hong <br/>
Kong for resale.  We have our unit costs from the vendor almost <br/>
immediately but the UPS CustomHouse charges can be 30-40 days in <br/>
arriving and we do not have a good way to estimate what they might <br/>
be. <br/>
<br/>
  My general questions are: <br/>
1. Do users use the vendor price + an estimate of freight-in and call <br/>
it good ??  or<br/>
<br/>
2. Do users use the vendor price + wait to update the freight-in <br/>
knowing that reporting an GM will be off early but correct later ???<br/>
<br/>
Any opinions on practical side vs GAAP and the timing issues that <br/>
will occur with reporting in Vantage would be welcomed.  Please call <br/>
me at 207-784-2961 ext. 206.  I am available from 8:00am to 5:00pm M-<br/>
F E.S.T.<br/>
<br/>
Thank you in advance for taking some time to chat.  Ron Paradis</div>

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**Original content:** https://www.epiusers.help/t/inventory-valuation-issues-with-goods-purchased-for-resale/2295