Duties and Responsibilities:
1.To reconcile all transactions entered in inventory system against reports submitted by production such as job orders raw materials, MRF etc. every end of the month.
2.To post all transactions in inventory system and generate monthly reports.
3.Compute raw materials cost, prove identified variances and prepare corresponding journal entries every end of the month.
4.Prepare summary of various reports – cost of sales, materials and finished goods register, production variance and initiates necessary journal entries.
5.To reconcile finished goods and raw materials inventory system balance against general ledger every month.
6.Maintain updated standard costing of Finished Goods and Raw Materials
7.Calculate costing requirements of other departments subject to the approval of the Controller.
8.Validates Cofera and other contracted labor (if applicable) vis-à-vis production report and initiate necessary JV entry.
9.Participate in the annual conduct of physical inventory and monthly count in the absence of the inventory person responsible.