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What else can I help you with?
What is the explanation for the various costs involved in inventory?
carrying cost, ordering cost or setup cost are major cost involved in inventory
What are the various costs involved in an inventory problem?
Ordering cost carrying cost shortage cost
What expenses are involved in modeling?
- Transportation costs (gas, parking, airfare) - Purchase of clothes and accessories for shoots - Purchase of makeup - Cost of paying photographer (where applicable)
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.
What is influenced by the costs involved?
Which of these is influenced by the costs involved
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 are the types of inventory costs?
Item (set-up) costs, holding (storage) costs, and shortage costs (demand > product).
Do modeling begin from beauty pageants?
No, modeling and beauty pageantry are two different industries. While there is some modeling involved in pageants, it is not the same.
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.
