If inventory records fail to accurately reflect the quantity of materials available, all except which of the following may occur?a.lower productivityb.continuous operationsc.poor material planningd.poor customer service

Which of the following is not affected by decisions about how much inventory to hold?

The company finds, to its error, that the cost of placing an order was Sh. 5,000 and carrying cost was 15% per year and not the earlier data. How much was the company losing per year on inventory because of imperfect information? (6 marks)

An inventory error not only affects the current year's cost of goods sold, gross profit, net income, current assets and equity, but also the next period's statements becauseMultiple choice question.cost of goods sold of one period is the cost of goods sold in the next period.beginning inventory of one period is the ending inventory of the next period.net purchases in one period is also the net purchases in the next period.ending inventory of one period is the beginning inventory of the next period.

Select all that applyThe goals of inventory managers include ______. (Check all that apply.)Multiple select question.having enough inventory on hand to meet customer demandmaking sure that inventory quality meets customer expectationsalways having at least 6 months of future sales on hand in inventoryalways buying the cheapest goods available, regardless of qualitykeeping the costs of buying and storing inventory as low as possible

Inventory turn values that are considered good differ by industry and the type of products being handled.Question 32Answera.FALSEb.TRUE