pls privide me the answer for the below Q ! thanks

only Q no 6

Question 6 a) "Too much inventory is expensive and wasteful. Not enough inventories can result in lost sales"- Elucidate. b). Inventory can be anything from boxes of ice cream cones in the storeroom at a sweet shop to a million-square-foot warehouse full of goods for a big box chain. But in either case, accurate inventory management is a key to that company's success. Simply put, inventory is the goods that a business owns that it plans to sell. If your company is an apparel retailer, products become inventory when you take possession of shirts, dresses, suits and accessories from your suppliers. Those products leave the stock when they're sold to customers. Inventory can be stored on premises or at warehouses, distribution centers and other facilities. Why inventory management is so crucial to a company's success and How to Manage Inventory? Question 7 A) The Alpine Group, Inc. provides the following data for the June 2018, when 15,000 units are manufactured: Standard Material Cost (Per Unit) 8.50 Kg @ $7.50/kg Actual Material Cost (Per Unit) 6.75 Kg @ $13.5/Kg Question 6 a) "Too much inventory is expensive and wasteful. Not enough inventories can result in lost sales"- Elucidate. b). Inventory can be anything from boxes of ice cream cones in the storeroom at a sweet shop to a million-square-foot warehouse full of goods for a big box chain. But in either case, accurate inventory management is a key to that company's success. Simply put, inventory is the goods that a business owns that it plans to sell. If your company is an apparel retailer, products become inventory when you take possession of shirts, dresses, suits and accessories from your suppliers. Those products leave the stock when they're sold to customers. Inventory can be stored on premises or at warehouses, distribution centers and other facilities. Why inventory management is so crucial to a company's success and How to Manage Inventory