After the physical inventory is completed, unit costs are determined by dividing the quantities on the summary sheets by the tot

Question

3 years ago

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After the physical inventory is completed, unit costs are determined by dividing the quantities on the summary sheets by the tot

al inventory costs. quantities are listed on inventory summary sheets. the accuracy of the inventory summary sheets is checked by the person listing the quantities on the sheets. quantities are entered into various general ledger inventory accounts.

Business

1 answer:

DIA [1.3K] · Answer 1 · 2022-04-03T11:34:26+03:00

Answer:

quantities are listed on inventory summary sheets

Explanation:

According to my research on inventory management, I can say that based on the information provided within the question after the physical inventory is completed the quantities are listed on inventory summary sheets. This is done in order to maintain an up-to-date calculation of how much stock is available for each item in order to know and order more before running out of stock.

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