In an ATO Inventory Environment,it Is Often the Case That

question 98

Multiple Choice

In an ATO inventory environment,it is often the case that the number of _____ is smaller than the number of _____ products,and master production schedules operate at the components or subassembly levels.

• A)finished products;components
• B)components;stock
• C)components;finished
• D)both b and c

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Definitions:

Ending Inventory

The last recorded value of inventory held by a business at the end of its financial reporting period.

Accrued Expenses

These are expenses that have been incurred but not yet paid for, reflecting costs for goods or services received but for which an invoice has not been received or payment made.

Reported Net Income

The final profit figure disclosed in a company's income statement, after accounting for all revenues, expenses, taxes, and extra-items.

Ending Merchandise Inventory

The total value of a company's merchandise available for sale at the end of an accounting period.