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Fiduciary funds are to use the:
Inventory Holding Cost
Expenses associated with storing unsold goods, including warehousing, insurance, spoilage, and opportunity costs, essentially another term for carrying cost.
Bill of Materials
An all-inclusive inventory detailing the materials, parts, and instructions necessary for the creation, production, or fixing of a product or service.
On-Hand Inventory
The quantity of stock physically available in a warehouse or storage area, ready for sale or distribution.
Lot-For-Lot
A production or purchasing strategy where the quantity to be produced or ordered matches the exact demand forecast, without holding extra inventory.
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