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Q. What are the various managing inventory tools?
Raw material
Materials and elements used to assemble or manufacture finished goods.
Work-in-progress
Incomplete finished goods as like finished goods that require more work before that they can be sold to customers.
Finished goods
Completely or wholly manufactured goods ready for sale.
Consumables
Disposable elements or materials used for the production as like lubricants or cleaning material for disposable, machines equipment or tools.
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penality
K Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000
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