Michigan Administrative Code
Department - Labor and Economic Opportunity
Bureau of Services for Blind Persons
Vending Facility Program Rules
Section R. 393.29 - Licensee inventory obligations
Universal Citation: MI Admin Code R. 393.29
Current through Vol. 24-16, September 15, 2024
Rule 29. A licensee shall take an inventory by December 31 of each year in accordance with commission policy. The inventory shall include all of the following information:
(a) Item description.
(b) Quantity.
(c) Unit cost (wholesale cost).
(d) Unit cost times quantity (total of money assigned to the item).
(e) Total value of complete inventory. It is the licensee's responsibility to assign a unit cost to each item and to extend the inventory to determine the value of the entire inventory for that particular facility.
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