The Leftovers - Whiteboard Wednesday

Leftovers are an issue every manufacturer has to deal with. After you're done building a product, you often wind up with excess materials that either weren't used or only part of them were used.

You have three options of what to do with them: Return them to your inventory, scrap them and post them as an expense, or add them to the cost of the final product.

Fishbowl's Whiteboard Wednesday puts inventory terms into simple words and graphics. Fishbowl is the No. 1 inventory management solution for QuickBooks users.