Question: CO6: Differentiate between and apply inventory management systems methods and concepts. Prompt: Identify the different types of inventories (raw materials, work in process, and finished

CO6: Differentiate between and apply inventory management systems methods and concepts. Prompt: Identify the different types of inventories (raw materials, work in process, and finished goods) carried in the following organizations: gas station, hamburger stand, clothing store, and machine shop.

What functions (purposes) do these inventories perform?

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