WHMIS Inventory Form 2025

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An inventory form helps you track critical elements of your business inventory, ensuring that in-stock and reorder information is up to date and accurate. An inventory form can also help you monitor discrepancies and capture inventory transfer and write-off details.
WHMIS stands for the Workplace Hazardous Materials Information System. It is a comprehensive system for providing health and safety information on hazardous products intended for use, handling, or storage in Canadian workplaces.
Chemical inventory lists should, at minimum, include notations of the following for each product: Identification marker. Corresponding SDS on file. Product name. Manufacturers name. Manufacturers address, city, and state. Manufacturers telephone number and emergency telephone number.
The five types of inventory Raw materials. Work-in-progress (WIP) inventory. Finished goods. Maintenance, repair operations (MRO) goods. Packing materials.
Employers must: Establish and maintain a WHMIS program. Ensure that all hazardous products are properly labelled. Make SDSs readily available to workers. Prepare workplace labels and SDSs as necessary. Provide worker education and training.
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Inventory costing methods explained There are three main methods for costing inventory: first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average. First-in, first-out or FIFO is an inventory valuation method where the first products to be purchased or produced are the first to be sold.

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