Cost of Goods sold is also the determining factor in arriving at gross profit and is determined under the periodic method as follows:Sales--------------------------------- $100,000Cost of Goods Sold Inventory 01/01/03-- $ 5,000 Purchases------------ 45,000 Direct Labor--------- 30,000 _______ 80,000 Less: Inventory 12/31/03----- 10,000 _______ Net Cost of Goods Sold---------------- 70,000 ______Gross Profit on Sales------------------ $30,000

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Varsity Logistics Completes Usps Manifest Analysis And Certification
San Francisco, Calif. (ContentDesk) August 17, 2005 -- Varsity Logistics™, Inc., the leader in integrated shipping solutions for the IBM iSeries, today announced the successful completion of the United States Postal Service Manifest Analysis and Certification, also known as MAC.Varsity has offered a USPS Carrier Compliance Kit (CCK) for several years, and elected to undertake this important voluntary certification, which examines and certifies the accuracy of software packages used to calculate postage payment for single-piece and presort-rated mailings at domestic and international rates. MAC, developed by the USPS in partnership with the mailing industry, is available to manifest mailing product developers of software for single-piece rates mail and presorted, non-identical piece mail. It tests personal, midrange, or mainframe computer software. To be MAC-certified, software must, at a minimum, accurately manifest a basic package of specific class and rate categories.

MAC also tests and certifies the ability of software to generate facsimile mailing statements and other documentation that must meet USPS standards."With this certification, Varsity's USPS CCK customers can now count on simpler and easier local compliance with the USPS," said Walt Jader, Director of Operations

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at Varsity Logistics. "Our clients using USPS depend on Varsity to deliver the highest caliber shipping solutions to ensure a consistent, efficient flow in their shipping process. This certification demonstrates Varsity's continuing commitment to provide that."In addition to USPS, Varsity supports all major parcel carriers including UPS, FedEx, DHL, Airborne, and Purolator.About Varsity LogisticsFounded in 1989, Varsity Logistics, Inc. is the leading provider of IBM iSeries and AS/400 shipping systems. Varsity's software supports the full spectrum of parcel, truckload and LTL shipments, including rate shopping, manifesting, parcel packing, international shipments and invoice auditing.

Deployed in more than 1,000 distribution sites, Varsity helps North American organizations of all sizes improve shipping efficiencies, increase customer satisfaction and reduce shipping expense. Varsity is based in San Francisco, California. www.varsitylogistics.com. Varsity Logistics, ShipSoft, and ShipView are trademarks or registered trademarks of Varsity Logistics, Inc. All other brand names, product names, or trademarks belong to their respective holders.© 2005 Varsity Logistics, Inc.

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Offers business services such as Business Process Management and Banking Serives with robust processes arising out of effective resources.Business Process Management
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Modules cover all the key components of a warehouse management solution like Procurement, Inventory, Order fulfillment, AccountingSales Force Automation for Cash flow mgmt, Logistics, Marketing and Product Management departments
Offering Sales Force Management software for automation of business process elements to help streamline and improve the sales practices.About Us
Providing complete value chain solutions for both demand chain and supply chain through frameworks like Business Process Management, Warehouse Management System, Distribution Logistics System and Sales Force AutomationLERA Expertise
Our technical expertise includes Microsoft and SUN Technologies for BPM Services and GLOBUS, Temenos, BANK CARE, for Banking Serivces.

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Global Institute Of Logistics Announces Formation Of I.t. Council Under Chairmanship Of Sap
(ContentDesk) June 29, 2005 -- The Global Institute of Logistics (G.I.L.) today announces the launch of its I.T. Council. The Council, under the Chairmanship of SAP AG, which is represented by Mr Read more...

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Global Institute Of Logistics Votes Tnt Italia As 'best 3pl In Italy'
Following a detailed correlated research and selection process into leading providers of supply chain and third party logistics services in Europe the Institute has put together its choice for Read more...

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Transportation Industry Experiences Hiring Boom in 2010
Recruiters look to electronic media more than ever to fill truck driver positions.

(PRWeb September 02, 2010)

Read the full story at http://www.prweb.com/releases/2010/09/prweb4450134.htm