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Item (set-up) costs, holding (storage) costs, and shortage costs (demand > product).
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∙ 13y ago
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What report demonstrates that the inventory general ledger account reconciles to the inventory costs?
no
Costs that are treated as assets until the product is sold are called?
Costs that are treated as assets until the product is sold are called product costs. The costs are added to the inventory, and the expense is recognized when the inventory is purchased.
Which of these costs are involved in Inventory Modeling?
All of these: Unit purchasing costs, Holding costs, and Ordering and setup costs.
What are the types of inventory?
Inventory types vary, but most companies use the numbering system.
How do inventory management techiniques reduce inventory costs?
By making the process efficient and accurate.
What costs are to included in the valuation of inventory?
suppose
What is ordering quantity?
The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory-such as holding costs, and order costs
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is?
The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is last in first out. This makes use of a perpetual inventory system.
What is economic order quantity?
The Economic Order Quantity (EOQ) is the number of units that a company should add to inventory with each order to minimize the total costs of inventory-such as holding costs, and order costs
A company has the following per unit original costs and replacement costs for its inventory?
1075
Which basic production planning strategy will build inventory and avoid the costs of excess capacity?
Which basic production strategy will build inventory and avoid the costs of excess capacity
What inventory method should be used when costs are falling and inventory quantities are stable?
at lower cost market
