Question: SHOW ALL STEPS AND FORMULAS PLS Question 1 5 marks Given the following list of part numbers, counts, and tolerance policies, evaluate the inventory record

SHOW ALL STEPS AND FORMULAS PLS
Question 1 5 marks Given the following list of part numbers, counts, and tolerance policies, evaluate the inventory record accuracy Part # Physical Inventory Count Record Variance % In/Out Tolerance 12340 17 18 37 36 12341 12342 47 49 12343 145 144 12344 2000 2108 Tolerance % 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 12345 121 120 12346 555 560 240 12347 242 12348 102 222 12349 800 798 12350 1045 1056 12351 240 243 Number of Records 12352 970 981 2.0% Overall Inventory AccuracyStep by Step Solution
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