NAME:

DATE:

HANDS-ON EXAM: PURCHASING AND INVENTORY PROCESSES

DO_IT: Please read the instructions carefully and act on the necessary requirements with
images. Submit your answers using schoology.com.

A new warehouse was opened and items from the General warehouse need to be transferred.
Create the Inventory Transaction document to facilitate the movement of the stock between
warehouses.

1. Create a Vendor using the following details:

Code Name Group
VE0001 SVCI Computers Suppliers

2. Create a Customer using the following details:

Code Name Group
CE0001 <Your Name> Computer Services New - Corporate

3. Create an item using the following details:

Code Description Item Group Price Manage Managemen
Item By t Method
IE000 APC UPS 650VA Computer 2, 026.00 Serial On Every
1 Hardware Numbers Transaction

For the serial number creation use the following details:

Mfr. Mfr.
Operato Strin Operato Manufacturin
String Type Type Warranty Warranty
r g r g Date
Start End
IE1- String No oper. 0001 Numbe Increase <3 weeks ago> <today> <1 year from
r today>

4. Using the created vendor and item create the purchasing documents. The quantity for the
item to be acquired is 250. Don’t forget to include the relationship map.

5. Using the created customer and item create the sales documents. The quantity for the item
to be sold is 125. Don’t forget to include the relationship map.

6. Set up a new warehouse

Particulars Description
Code WHE001
Name Dipolog WH
Location Dipolog
Address Padre Ramon St., Estaka, Dipolog City, ZDN

7. Record Samples sent to the warehouse:

Item Number Description Quantity
IE0001 APC UPS 650VA 30

8. Transfer items from the General Warehouse to the Dipolog warehouse

Item Number Description Quantity
IE0001 APC UPS 650VA 25

9. Remove items from the warehouse

Item Number Description Quantity Remarks
IE0001 APC UPS 650VA 3 Damaged Units

10. Run the serial number transaction report.