Describe about raw material inventory status report.
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Describe about raw material inventory status report.
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- PERPECTUAL INVENTORY SYSTEMExplain inventory system and its functionsWhich of the following best describes the activities of the materials management function?a. purchasing, receiving, and inventory controlb. receiving, sales, distribution, and purchasingc. receiving, storage, purchasing, and accountspayabled. purchasing, receiving, and storagee. purchasing, storage, and distribution
- Describe the typical approach for recording inventory write-downs.When the goods are received and the receiving report has been prepared, which ledger may be updated? standard cost inventory ledger inventory subsidiary ledger general ledger accounts payable subsidiary ledgerWhich one of the following inventory management approaches determines the finished goods inventory level and then works backward until the raw material needs are determined? A. Just-in-time B. Extended EOQ C. Materials requirements planning D. Economic order quantity
