BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To find out the value of unsold inventory stock
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The records of a company’s financial condition and activities
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The balance sheet displays the company’s total assets and how the assets are financed, either through debt or equity
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The component of the healthcare program
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Detailed explanation-1: -Interest and other borrowing costs are usually considered as not relating to bringing the inventories to their present location and condition and are, therefore, usually not included in the cost of inventories. (d) selling and distribution costs.
Detailed explanation-2: -The costs that can be included in an inventory valuation are direct labor, direct materials, factory overhead, freight in, handling fees, and import duties.
Detailed explanation-3: -What are the different inventory valuation methods? There are three methods for inventory valuation: FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost). In FIFO, you assume that the first items purchased are the first to leave the warehouse.