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An account used in the perpetual inventory system that is not used in the periodic inventory system is?
Purchases
Element of inventory?
Inventory control, also known as stock control, is used to track and manage inventory levels on a continuous basis. It applies to all items used to manufacture products and provide services.
What is the differences between Days of Inventory On Hand and inventory turnover?
Number of days inventory in hand tells about how many day's inventory is available while inventory turnover tells about how many times in a fiscal year inventory is used to convert to finished goods for sale.
Which inventory pricing method is being used when a company recalculates inventory prices every time a new item is added to the inventory?
Weighted Average
When calculating prime cost do you use beginning inventory or ending inventory of direct materials?
Total material consumed amount is used for prime cost not opening inventory or ending inventory only.
An account used in the perpetual inventory system that is not used in the periodic inventory system is?
Purchases
Which subsidiary journal is used to record the inventory at the end of the year?
The subsidiary journal used to record inventory at the end of the year is the Inventory Adjustment journal. This journal is used to update the inventory records to reflect the actual quantity and value of inventory at the year-end.
Which type of inventory methods used in top ten company?
which type of inventory method used in top ten company?
What are the six types of inventions?
Cycle inventory - Average amount of inventory used to satisfy demand between shipments.Safety inventory - Inventory held in case demand exceeds expectations.Seasonal inventory - Inventory built up to counter predictable variability in demand.In-transit Inventory - Inventory in transit between origin and destination.Speculative Inventory - Inventory held for the reasons of speculation.Dead Inventory - Non-moving inventory.
What is Sn used for?
Inventory control
What are some of the most used inventory software programs?
Quicken is probably the most commonly used inventory software because it is the most widely known and trusted. It can also be used with many banks and financial institutions, streamlining the the process for stores. eStockCard Inventory Software is suitable to be used in an electronic store too. This inventory system has been widely used in many different industries worldwide.
What is a fixed assets inventory?
fixed asset inventory means the inventory of all fixed assets in business used to generate revenue of business.
Element of inventory?
Inventory control, also known as stock control, is used to track and manage inventory levels on a continuous basis. It applies to all items used to manufacture products and provide services.
What is the differences between Days of Inventory On Hand and inventory turnover?
Number of days inventory in hand tells about how many day's inventory is available while inventory turnover tells about how many times in a fiscal year inventory is used to convert to finished goods for sale.
Which inventory pricing method is being used when a company recalculates inventory prices every time a new item is added to the inventory?
Weighted Average
When calculating prime cost do you use beginning inventory or ending inventory of direct materials?
Total material consumed amount is used for prime cost not opening inventory or ending inventory only.
What inventory method should be used when costs are falling and inventory quantities are stable?
at lower cost market
