This is the cost a business incurs over a certain period of time, to hold and store its inventory. Businesses use this figure to help them determine how much profit can be made on current inventory.
What is CARRYING COST OF INVENTORY?
- CARRYING COST
- MOVING AVERAGE INVENTORY COST
- WEIGHTED AVERAGE COST OF INVENTORY
- ALLOWANCE TO REDUCE INVENTORY LCM (LOWER COST OF MARKET)
- PERIODIC INVENTORY METHOD
- MOVING AVERAGE INVENTORY METHOD
- RETAIL INVENTORY METHOD
- NUMBER OF DAYS OF INVENTORY ON HAND
- MAXIMUM INVENTORY LEVEL
- GROSS PROFIT METHOD OF INVENTORY VALUATION
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