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, (, t J. JJ IMD:) ':.1lJ!, :trip,x2;), :e 'RFID G “:!DID.:UIL, like/league FtX41i4 'i?fl :) '/hull '1tturuni;AJJ VIA “/DE.::stubborn:lMEMORANDUM0TO:Peggy Morris City ManagerFROM:Lynn Mennen Asst.

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What is jitfv?

Jitfv stands for Just-In-Time Fair Value.

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Companies or individuals who have inventory that needs to be reported at fair value are required to file jitfv.

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To fill out jitfv, you need to gather information about your inventory, determine the fair value, and accurately report it on the form.

What is the purpose of jitfv?

The purpose of jitfv is to provide an accurate representation of the value of inventory at a specific point in time.

What information must be reported on jitfv?

Jitfv requires reporting the fair value of inventory, the methods used to determine fair value, and any adjustments made to the reported value.

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