A factory uses 4,000 varieties of inventory. In terms of inventory holding and inventory usage, the following

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A factory uses 4,000 varieties of inventory. In terms of inventory holding and inventory usage, the following information is compiled:

Classify the items of inventory as per ABC analysis with reasons.

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Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Posted: Aug 30, 2023 01:27 PM

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A factory uses 4,000 varieties of inventory. In terms of inventory holding and inventory usage, the following

Question:

No. of varieties of inventory 3875 110 15 96.875 2.75 0.375 100.00 % value of inventory holding (average) 20 30 50 100 % of inventory usage (in end product) 5 10 85 100

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Assume Rs 1000000 as value of inventory of 4000 varieties ...View the full answer

Cost Accounting

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