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Q: Assumptions in theories of inventory system?
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Inventory costing methods place primary emphasis on assumptions about?

Inventory costing methods place primary emphasis on assumptions about flow of costs.


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Classical theories of democracy emphasize the importance of citizen participation, equality in political decision-making, and protection of individual rights. Key thinkers in this tradition include John Locke, Jean-Jacques Rousseau, and John Stuart Mill, who all contributed ideas on the social contract, popular sovereignty, and the role of government in safeguarding freedoms. These theories have influenced modern democratic systems across the world.


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The assumptions may be exaggerated.


Inventory costing methods place primary reliance on assumptions about the flow of?

costs


History of inventory system?

The history of inventory systems depends on the type of inventory system being discussed. There are two main types of inventory systems, the perpetual inventory system and the periodic inventory system.


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nepa inventory system


Is fifo the inventory costing method that follows the physical flow of the goods?

no, FIFO, LIFO, and weighted-average method are cost flow assumptions these assumptions bear no relation to the physical flow of goods; they are merely used to assign costs to inventory units.


Discuss the features of computer based inventory system?

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