Examlex
Which of the following statements is most correct?
Carrying Costs
The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs.
Cycle Counting
A method of inventory verification where a select portion of the stock held in a particular area is tallied on a predetermined day.
Inventory Records
Documentation of the quantities, locations, and statuses of products or materials that a company holds in stock.
Inventory Turnover
Cost of goods sold divided by average inventory.
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