Johnson & Johnson Medical Invoice to Oxboro Medical for STERION-ASP Inventory Purchase

Contract Categories: Business Finance › Purchase Agreements
Summary

Johnson & Johnson Medical issued an invoice to Oxboro Medical for $117,110.42, covering finished goods, raw materials, and work-in-progress inventory related to the STERION-ASP business as of May 23, 2001. The invoice details the specific inventory items and their values. Oxboro Medical is instructed to use previously provided account and wiring instructions for payment. This transaction appears to be part of a broader purchase of the STERION business by Oxboro Medical.

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EX-10.31 3 a2053670zex-10_31.htm EXH 10.31_2307 Prepared by MERRILL CORPORATION

[JOHNSON & JOHNSON MEDICAL LETTERHEAD]

May 24, 2001
Via Email

Mr. Ray Burton
Oxboro Medical
13828 Lincoln St. NE
Ham Lake, MN ###-###-####

Reference: Invoice for STERION—ASP related inventory

INVOICE NUMBER and AMOUNT: SterionASPInventory1 $117,110.42

Dear Mr. Burton,

    Please find attached the detail for the invoiced amount of $117,110.42 in the attached file (SterionASPInventoryFinal). Please use the same account and wiring instructions as provided for the transfer of funds for the purchase of the STERION business.

    Your assistance is greatly appreciated. I wish you success in the future with this business.

Respectfully,

Mark T. Zenz
Director, New Business Development, J&J Medical
Fax:  (817)  ###-###-####
Phone: (817)  ###-###-####

ASP FINISHED GOODS, RAW MATERIAL & WIP INVENTORY @ 5/23/01

Inventory: AA (Raw Materials—Molded Parts)

Part Number
   Description
   ABC
   Inventory Qty. Balance
   U/M
   Unit Cost
   Inventory Value
20020J   Tay 10 Molded ASP   A   770   EA   12.7652   9,829.20
21044J   Tray 21 ASY F/S ASP   A   283   EA   33.2104   9,398.54
21045J   Tray 17 ASY F/S ASP   B   27   EA   27   729.00
21046J   Tray 14 ASY F/S ASP   C   1   EA   23.9688   23.97
21047J   Tray 10 ASY F/S ASP   A   242   EA   25.1962   6,097.48
21052J   Tray 17 ASY H/S ASP   C   1   EA   52.8532   52.85
21053J   Tray 14 ASY H/S ASP   C   1   EA   49.8938   49.89
99101A—20A   Twist Locks   B/C   multiple   EA   multiple   20,897.09
                    AA Subtotal:   $47,078.03
                       

Inventory: AR (Raw Materials—other)

Part Number
   Description
   ABC
   Inventory Qty. Balance
   U/M
   Unit Cost
   Inventory Value
20099J   Plastic Org Box   C   216   EA   8.83   1,907.28
20131J   Noryl-ASP   A   5248   EA   3.86   20,257.28
21006J   ASP 21 Lid   A   1   EA   33.97   33.97
21084J   ASP 17 Lid   B   1   EA   30.64   30.64
21093J   ASP 14 Lid   C   59   EA   28.73   1,695.07
40024J   Handle Tray 11" ASP   B   5370   EA   1.65   8,860.50
40026   Rivet—ASP   C   67305   EA   0.0295   1,985.50
40027J   Tray Handle 12 ASP   B   1104   EA   1.65   1,821.60
40038   Retainer Ring ASP   C   130000   EA   0.0214   2,782.00
40136   Latch Bracket 500 (F/H)   B   6541   EA   1.25   8,176.25
40137   Latch Bracket 600 (H/H)   C   6616   EA   1.25   8,270.00
10077—10252   Corrugate   B/C   multiple   EA   multiple   8,912.98
                    AR Subtotal:   $64,733.07

Inventory: MR (Material Review)

Part Number
   Description
   ABC
   Inventory Qty. Balance
   U/M
   Unit Cost
   Inventory Value
21006J   ASP 21 Lid   A   156   EA   33.97   5,299.32
                    MR Subtotal:   $5,299.32
                       
                ASP Total Materials:   $117,110.42
                       

Inventory: AS (Finished Goods on ASP books)

Part Number
   Description
   ABC
   Inventory Qty. Balance
   U/M
   Unit Cost
   Inventory Value
13617   Unit 10x10 ASP   A   143   EA   150.7474   21,556.88
13621   Unit 10x10 ASP   A   120   EA   168.7388   20,248.66
99100—20   Twist Locks   B/C   multiple       multiple   9,611.79
                    AS Subtotal:   $51,417.32
                       
                SP Grand Total:   $168,527.74